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Question 17 Not yet answered Marked out of 5.00 A loan requires payments of $2000 today, $2500 in three years, and $3000 in five years.

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Question 17 Not yet answered Marked out of 5.00 A loan requires payments of $2000 today, $2500 in three years, and $3000 in five years. When can the loan be discharged by a single payment equal to the sum of the required payments if interest is 6% compounded monthly? Select one: a. The loan can be discharged 4 years 69 days from now. b. The loan can be discharged 3 years 40 days from now, C. The loan can be discharged 1 year 310 days from now. d. The loan can be discharged 2 years 320 days from now. o P Flag

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