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How much money will the bank collect

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Question - A bank offers a $100,000 loan due in 15 years with a 5% interest rate. How much money will the bank collect over the course of the loan? Answer should just be numbers (e.g., 1000).

What is the present value of a stream of cash flows that pays $5,000 per year for 15 years and then $100,000 at the end of 15 years? Answer should just be numbers (e.g., 1000).

Reference no: EM132818205

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