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OpenStudy (anonymous):
Jones Co. borrowed money that is to be repaid in 12 years. So that the loan will be paid back at end of the 12th year, the company invests $8,000 at end of each year at 5 percent compounded annually. The amount of original loan was
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OpenStudy (anonymous):
$127,336.80 $70,905.60 $127,636.80 $70,950.60 None of these
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