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You borrowed money $ 40,000 from Alliance Federal. The interest rate was 2.9% for 10 with monthly payments. You have been making payments for two
- You borrowed money $ 40,000 from Alliance Federal. The interest rate was 2.9% for 10 with monthly payments. You have been making payments for two years. What is the value of this loan today? You want to know because you have been offered $34,000 to re-finance.
a$ 33,414
b $ 35,451
c $ 32,899
d $ 31,657
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
