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What was the original value of the loan

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Question: A bank loan requires monthly payments of $755 made at the beginning of each month for 5 years. If payments were deferred for 2 years and interest accumulates at 4.2% compounded annually, what was the original value of the loan? The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132761600

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