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Today, you are borrowing money from your local bank. The loan is to be repaid in one lump sum payment of $6,000 one year from

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Today, you are borrowing money from your local bank. The loan is to be repaid in one lump sum payment of $6,000 one year from now. How much money are you borrowing today if the APR is 5.75 percent? $5250.00 $6,345.00 $5.673.76 None of the answers is correct $7,633.59

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