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7. Your uncle Adelai promises to pay you $16,000 in five years. You believe that you can earn a 6% rate of return on any

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7. Your uncle Adelai promises to pay you $16,000 in five years. You believe that you can earn a 6% rate of return on any investments made between now and then. How much is the amount worth to you today? Round to two decimal places. 8. Your company has received a $75,000 loan from an industrial finance company. The annual payments are $14,058.30. If the company is paying 10 percent interest per year. how many loan payments must the company make? Round to the nearest number of years

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