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    Exam 10: Annuities: Future Value and Present Value
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    What Amount Would You Borrow at 15% Compounded Annually If
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What Amount Would You Borrow at 15% Compounded Annually If

Question 195

Question 195

Multiple Choice

What amount would you borrow at 15% compounded annually if your loan payments are $3,800 per month for 10 years?


A) $235,535
B) $244,193
C) $318,782
D) $327,896
E) $378,625

Correct Answer:

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