13.) You can pay off a loan either by paying the entire amount of $16,000...
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13.) You can pay off a loan either by paying the entire amount of $16,000 now or you can pay $10,000 now and $10,000 at the end of 10 years. What is preferable when the nominal continuously compounded interest rate is: (a) 2% (b) 5% (c) 10%?
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