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MC Qu. 44 What amount can you borrow... What amount can you borrow if you make six quarterly payments of $4,000 at a 12% annual

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MC Qu. 44 What amount can you borrow... What amount can you borrow if you make six quarterly payments of $4,000 at a 12% annual rate of interest? (PV of $1. FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multlple Cholce $24,838.00 $21,668.80 $31,049.00 $40,000.00 $44,800.00

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