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What is the pv of this loan repayment today

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Reference no: EM132731326

You borrowed some money from Bank today. You are expecting to pay out the loan starting 2 years from now and the yearly payment is $2000 per year and that will continue till year 7 (inclusive). With 5% interest, what is the PV of this loan repayment today?

Reference no: EM132731326

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