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Jennifer wants to take a loan to help pay for college. She will repay the loan, which calls for interest at 6 % , with

Jennifer wants to take a loan to help pay for college. She will repay the loan, which calls for interest at 6%, with payments of $3,000 each year for 10 years.
Reference: Ref 3-1
How much can Jennifer borrow if she makes her repayments at the end of each year?
Group of answer choices
$24,109.65.
$22,080.26.
$24,777.97.
$23,405.08

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