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QUESTION 10 A loan is slowly being paid off over 15 years. The amount of the loan is $4,000 in year 1, $3,800 in year

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QUESTION 10 A loan is slowly being paid off over 15 years. The amount of the loan is $4,000 in year 1, $3,800 in year 2, and decreasing by $200 per year through year 15. Assume, 1-12%, the present worth of the loan in year 15 is closest to... $26,410 O $22,140 O $20.460 O $12.640

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