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A classmate of yours managed to negotiate a loan that doesnt require her to begin paying money back for 18 years. Starting at the end
A classmate of yours managed to negotiate a loan that doesnt require her to begin paying money back for 18 years. Starting at the end of the 19th year, though, she must begin to pay $10,000 instalments through the end of the 30th year. Assuming an interest rate of 6%, what is the present value of her loan?
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