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1 (1 point) Saved You want to borrow money from your Uncle Henry. Based on your earnings and living expenses, you think you will be
1 (1 point) Saved You want to borrow money from your Uncle Henry. Based on your earnings and living expenses, you think you will be able to pay him $5000 in one year, and then $8000 each year for the next three years. Uncle Henry would otherwise earn 6% per year on his savings, how much can you borrow from him? Question 1 options: $29,000.00 $24,890.65 $24,900.56 None of the above
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