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How much would a bank be willing to loan if the borrower oered terms of repaying $10,000 every three year for 36 years (i.e. first

How much would a bank be willing to loan if the borrower oered terms of repaying $10,000 every three year for 36 years (i.e. first payment 3 years from today, the second payment is received 6 years from today, etc.) and the relevant rate of interest is 7% compounded annually? (a) $6,620,500 (b) $463,198 (c) $1,489,130 (d) $171,528 (e) $882,928

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