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A company must repay the bank a single payment of $15,000 cash in 4 years for a loan it entered into. The loan is at

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A company must repay the bank a single payment of $15,000 cash in 4 years for a loan it entered into. The loan is at 10% interest compounded annually. The present value factor for 4 years at 10% is 0.6830. The present value of the loan (rounded) is: $15,000 $13, 500 $9,000 $10, 245 $21,000

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