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  • 22-02-2024
  • Business
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Woman borrowed money and owes $3000 one year from now and $3000 three years from now. The loan is renegotiated so that she can instead pay $x two years from now and $4000 four years from now, fully repaying the loan. If the interest rate on the loan is 8%, what is the value of x?
a) $2412
b) $2500
c) $2600
d) $2700

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