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You've just taken out a student loan with a quoted interest rate of 3.8%. You will have to pay back $1,600 in 10 years, with

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You've just taken out a student loan with a quoted interest rate of 3.8%. You will have to pay back $1,600 in 10 years, with no intermediate payments necessary. Part 1 0 Attempt 1/10 for 10 pts. How much did you borrow if interest is compounded annually? Correct V This question asks for the present value (PV). How much did you borrow if interest is compounded daily

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