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13 March, 07:05

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% compounded annually. The amount of the original loan was

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  1. 13 March, 09:06
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    1. its 160,000 i think
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