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6. Francis is competing with his brother Benedict to see who can pay off a loan faster. They both borrow $800 at an interest rate

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6. Francis is competing with his brother Benedict to see who can pay off a loan faster. They both borrow $800 at an interest rate of 4%. Francis will start paying back his loan today making annual payments of $100. Benedict starts making payments 4 years from now and pays $150 per year. Who pays off their loan sooner? 9 Francis v Present vele interest aninity

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