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loan that requires a $16,100 lump sum payment at the end of four years. The interest rate on the loan is 5%, compounded annually. How

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loan that requires a $16,100 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. EV of S1. PVA of $1. and FVA 0:1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $15,295 $13.245 $14.530 $12.880 $10.89

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