The amount of money the Teachers Credit Union should be willing to loan a developer who will

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The amount of money the Teachers Credit Union should be willing to loan a developer who will repay the loan in a lump sum amount of $840,000 two years from now at the bank’s interest rate of 10% per year is:

(a) $694,180

(b) $99,170

(d) $763,650

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 24, 2018 05:54 AM

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The amount of money the Teachers Credit Union should be willing to loan a developer who will

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Engineering Economy

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