(Quantitative Question) Owen expects to receive $22,000 after one year from a trust fund (this...
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(Quantitative Question) Owen expects to receive $22,000 after one year from a trust fund (this is his only source of income). If a bank loans money at an interest rate of 8.3%, how much money (in $) can he borrow today? (Round your answer to the nearest cent.)? Write the answer both in the space provided and on the empty pages on which you will also show your work (including timelines)
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