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Score: 0 of 1 pt 9 of 12 (3 complete) HW Score: 16.67%, 2 of 12 pts P4-18 (similar to) Question Help Discount loan (Interest

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Score: 0 of 1 pt 9 of 12 (3 complete) HW Score: 16.67%, 2 of 12 pts P4-18 (similar to) Question Help Discount loan (Interest and principal at maturity). Chuck Ponzi has taked an elderly woman intolaning him $30,000 for a new business venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the $30,000 with an annual interest rate of 11% over the next 20 years. Determine the cash flow to the woman under a discount loan, in which Ponzi will have a lump sum payment at the end of the contract What is the amount of payment that the woman will receive at the end of years through 197 (Round to the nearest cent)

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