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Calculate the present value

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1) If you borrowed $116,756.0 today at an annual interest rate of 1.0% and plan to repay this loan by paying $11,675.60 per year, how many years will it take you to repay the loan?

2) Calculate the present value of a 3.0% annuity due that pays $3,579 per year for 10 years starting today?

Reference no: EM132807096

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