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Mandeep Kaur can afford to make equal annual end of year deposits of $6,506 over the next 9 years to buy her favourite sports car.

Mandeep Kaur can afford to make equal annual end of year deposits of $6,506 over the next 9 years to buy her favourite sports car. If the bank charges 15% yearly interest on loan, how much will she be able to borrow today (i.e. PV)

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