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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 $8,000 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 $8,000 one year from now. How much money are you borrowing today if the APR is 4.8 percent? None of the answers is correct $6,443.28 $3,780.72 O $8,384.00 $7,633.59

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