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Jackson has a loan that requires a $16,700 lump sum payment at the end of four years. The interest rate on the loan is

Jackson has a loan that requires a $16,700 lump sum payment at the end of four years. The interest rate on the loan is 5%, compounded annually. How much did Jackson borrow today? (PV of $1. FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.)

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