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How much did jeremy borrow

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Question - Jeremy Fenloch borrowed some money from his friend and promised to repay him the amounts of $1,255, $1,365, $1,525, $1,560, and $1,585 over the next five years. If the friend normally discounts investments cash flows at 8.50 percent annually, how much did Jeremy borrow?

Reference no: EM131810843

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