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askWhat size loan must we take today with a 14% compound interest rate to have...

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Accounting

askWhat size loan must we take today with a 14% compound interest rate to have end-of-year payments of $1400,$1320,$1240, $1160, and $1080 for the next five years,
respectively? In other words, if you take out a loan today, and after making all five payments, above, the loan is paid off, what is the value of that loan?
Answer:
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