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You can pay off a loan either by paying theentire amount of $16000 now or you can pay $10000 now and 10000 atthe end of
You can pay off a loan either by paying theentire amount of $16000 now or you can pay $10000 now and 10000 atthe end of ten years. Which is preferable when the nominalcontinuous compounded interest rate is:
a) 2%
b) 5%
c) 10%
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