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At the beginning of the year, you have an outstanding short-term loan of $10 which was used to cover your cash needs for the previous
At the beginning of the year, you have an outstanding short-term loan of $10 which was used to cover your cash needs for the previous year. During the current year, you expect to pay $2 interest and have an annual net cash inflow of -$10 (negative), excluding the interest payment. What is your anticipated loan balance at year end?
$0
$2
$12
$18
$22
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