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Question #5 Assume borrowing and lending rates are the same. Z borrows $8,000 and agrees to pay back $9,100 seventeen months later. Three months pass

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Question #5 Assume borrowing and lending rates are the same. Z borrows $8,000 and agrees to pay back $9,100 seventeen months later. Three months pass and the bank proposes that Z pay back $8,200 to settle the debt. Should Z pay the $8,200 after the three months have passes, or should wait until the loan period is up and pay $9,100

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