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Someone you know needs loan and she is willing to pay you back $16,000 in exactly 7 years. If you'd like to earn 4.9%

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Someone you know needs loan and she is willing to pay you back $16,000 in exactly 7 years. If you'd like to earn 4.9% compounded annually on this loan, how much you be willing to loan her today? Round to the nearest dollar.

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