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2. You are borrowing money today at a 7.5% interest rate. You will repay the principal plus all the interest in one lump sum of
2. You are borrowing money today at a 7.5% interest rate. You will repay the principal plus all the interest in one lump sum of $7.100 two years from today. What is the amount of the loan proceeds? A. $6.003.47 B. $6.143.86 C$6.250.00 D. $6.418.30 E $6,489.99
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