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Intro You took out a student loan in college and now have to pay $500 every year for 20 years, starting one year from now.

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Intro You took out a student loan in college and now have to pay $500 every year for 20 years, starting one year from now. The annual interest rate on the loan is 3%. Part 1 IB P Attempt 1/5 for 10 pts. What is the present value of the 20 yearly payments? + decimals Submit

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