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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. - 1 Attempt 1/10 for 10 pts. How much did you borrow if interest is compounded annually? Correct This question asks for the present value (PV). [1- B Attempt 1/10 for 10 pts. How much did you borrow 1 interest is compounded monthly

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