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A person has taken a loan at time t=0 years and aims to clear the loan by making a series of three $20,000 payments at
A person has taken a loan at time t=0 years and aims to clear the loan by making a series of three $20,000 payments at the end of each of evaluation year 2,3 and 4. Find the loan amount taken, and the Net Present Value at t=0 years. Assume that no other payments are made, and a nominal interest rate of 10% compounded annually
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