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Suppose that to cover some of your college expenses, you are obtaining a personal loan from your uncle in the amount of $35,000 (now) to

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Suppose that to cover some of your college expenses, you are obtaining a personal loan from your uncle in the amount of $35,000 (now) to be repaid in three years If your uncle could earn 5% interest (compounded annually) on his money invested in various sources, what minimum lump sum payment three years from now would make your uncle happy economically? OF $30,234.32 None of these answers OF = $10,370.37 OF = $40,516.88 OF = $118.125

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