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What is theWhat is the present value of a loan that calls for a payment of $500 per year for 6 years if the discount

What is theWhat is the present value of a loan that calls for a payment of $500 per year for 6 years if the discount rate is 10 percent and the first payment will be made one year from now? How would the answer change if the $500 per year occurred for 10 years

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