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Calculate the present value of a loan

Discussion Post: Mathematics of Finance

Calculate the present value of a loan with $25,000 due after 12 years at 6% if the interest was compounded monthly. (The present value is the same as the principal amount of the loan). Discuss how the present value of a compounded loan changes as you increase time?

The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.

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