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Mengzhi borrows 18,000. The loan is repaid in 5 years at an annual effective rate of discount of 8%. Calculate the following: a) The amount

Mengzhi borrows 18,000. The loan is repaid in 5 years at an annual effective rate of discount of 8%. Calculate the following: a) The amount of cash that Menghzhi will receive at time 0. (Round your an...

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