What amount can you borrow if you make seven quarterly payments of $4,600 at a 12% annual
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Question:
What amount can you borrow if you make seven quarterly payments of $4,600 at a 12% annual rate of interest?
(PV of $1),(FV of $1),(PVA of $1),(FVA of $1) (use appropriate factor(s) from the tables provided).
a. $51,520.00
b. $38,039.58
c. $46,000.00
d. $35,247.50
e. $28,659.38
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