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7. You have loaned your brother a sum of money. If he will pay you back $1,000 in three years, how much did you loan

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7. You have loaned your brother a sum of money. If he will pay you back $1,000 in three years, how much did you loan him today if the discount rate is 79? pv factor (7%, 3 years) - 0.8163 Activate

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