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What amount can you borrow if you make seven quarterly

Question - What amount can you borrow if you make seven quarterly payments of $4,600 at a 12% annual rate of interest? (PV of $1),(FV of $1),(PVA of $1),(FVA of $1) (use appropriate factor(s) from the tables provided).

a. $51,520.00

b. $38,039.58

c. $46,000.00

d. $35,247.50

e. $28,659.38

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Accounting Basics: What amount can you borrow if you make seven quarterly

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