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Business, 27.02.2020 19:54 raman2003

Cindy is taking out a loan today. The cash amount that she will receive today is equal to the present value of the lump sum payment that she will be required to pay two years from today. Which type of loan is this? 1) Prindpal-only 2) Amortized 3) Interest-only 4) Compound 5) Pure discount

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