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Jackson has a loan that requires a $18,000 lump sum payment at the end of four years. The interest rate on the loan is 5%,

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Jackson has a loan that requires a $18,000 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 FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $16,245 O $17,100 $12.181 O O $14,809 O O $14.400

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