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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

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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 $1,700 in two years. What is the amount of the loan proceeds? A $1,471.07 B. $6,143.86 C. S1.250.00 D. $1,418.30 E $1,489.99

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