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A loan is being repaid with 2 payments: A first payment of $1400 at the end 4 years and a second payment of $1700 at
A loan is being repaid with 2 payments: A first payment of $1400 at the end 4 years and a second payment of $1700 at the end of 6 years using an annual effective rate of discount of 3.5%.
The amount of the loan is L= |
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