What is the present value of the loan if the interest rate

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Deb has a loan to repay that requires an annuity of $5800 to be paid at the end of each year for a total of 8 consecutive years. Deb has negotiated the terms of the loan such that she does not have to make her first payment until the end of year 5 (so that the last payment will be made at the end of year 12). What is the present value of the loan if the interest rate is 5.35%.

Reference no: EM131081515

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