How much did jeremy borrow

Reference no: EM131386772

Jeremy Fenloch borrowed some money from his friend and promised to repay him the amounts of $1,235, $1,365, $1,495, $1,605, and $1,600 over the next five years. If the friend normally discounts investments cash flows at 11.00 percent annually, how much did Jeremy borrow?

Reference no: EM131386772

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