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Which table would be used by a financial institution to determine the payments on a 5-year, $10,000 loan carrying 8% interest? a. Future value of
Which table would be used by a financial institution to determine the payments on a 5-year, $10,000 loan carrying 8% interest?
a. Future value of $1
b. Present value of $1
c. Future value of an annuity
d. Present value of an annuity
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