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Your bank has agreed to grant you a discount loan with an APR of 4.25%. If you need $8,000 today, how large is the face

Your bank has agreed to grant you a discount loan with an APR of 4.25%. If you need $8,000 today, how large is the face value of the loan ?

$8,355

$7,845

$8,000

$7,641

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