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Posted on Aug 12, 2024

You expect to have $ 9 , 0 0 0 in one year. A bank is offering loans at 8 % interest per year. How

You expect to have $

9, 000

in one year. A bank is offering loans at

8 %

interest per year. How much can you borrow today?

Today, you can borrow $

(

Round to the nearest cent.

)

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