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You have an outstanding loan that requites you to moke six annual payments of $5.600. With payments due at the end of edeh of the

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You have an outstanding loan that requites you to moke six annual payments of $5.600. With payments due at the end of edeh of the nexi six years. The government has ordered a lemporary closure of your business beccuse of a global pandemic and you are nol oble lo make the loan payments as promised. Instead of making annual payments, you negotiate with your bank to ropay the loan in one lump tum six years from foday, If the toon has an iriferest rate of 75 , what single payment six years trom today will the bank require in order to be indiflerent between making the annual payments and making one lump tum. payment tix years trom today LO and LO3 $40,058.42$26.692.62$33,600,00$30.325.98 Wate: Cilcking any tuthon orher then the save Answer butten will NOT sove any changes fo your answetsf

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