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Question 3 10 pts Suppose that you agree to take out a loan from the bank with the following terms. One year from today, you

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Question 3 10 pts Suppose that you agree to take out a loan from the bank with the following terms. One year from today, you will make a $1,200 payment to the bank, three years from today, you will receive $1,000 from the bank on the same loan, and in 5 years you will pay the bank $10,000 which is the remaining balance on the loan. If the interest rate is 4.3% p.a., find the size of the loan you will receive from the bank today, Answer Format: ENTER YOUR ANSWER AS A POSITIVE NUMBER w INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" ," or any other formatting. Carry computation to at least 4 decimals and round your final answer to 2 decimal places. ######.##

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