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What would be the present value of the loan

Problem:

Stern Associates is considering a project that has the following cash flow data. What is the project's payback?

Year 0 1 2 3 4 5
Cash flows -$1,100 $300 $310 $320 $330 $340

If you have a 3 year loan that requires $1,000 payments each year at 7% annual interest rate what would be the present value of the loan?

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Finance Basics: What would be the present value of the loan

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Finance Basics: What would be the present value of the loan

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