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You borrow money from a bank at a rate of 8 % yearly. You are going to pay the bank $ 1 2 , 2

You borrow money from a bank at a rate of

8 %

yearly. You are going to pay the bank $

12, 226

back after

7

years and $

14, 669

back after

11

years. How much will the bank give you today?

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