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#6 if you could work in excel i would apprciate seeing the process 6- An S&L provides a loan with 20 yearly repayments of $8,000

#6 if you could work in excel i would apprciate seeing the process
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6- An S\&L provides a loan with 20 yearly repayments of $8,000 with the first payment beginning immediately. Which of the following amounts comes closest to the present value of the loan if the interest rate is 4%

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