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  • 20-12-2022
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bronx company had borrowed a certain amount from the ban that it will repay at the end of 2 years. the bank charges 6% interest on this loan and annual repayment is $72,000. find the amount of the loan. pv of a single sum is 0.8900 fv of a single sum is 1.1236 pv of an ordinary annuity is 1.8334 pv of an annuity due is 1.9434

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