How much can john borrow today against the future cash flow, Financial Accounting

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How much can john borrow today against the future cash flow

Problem

John expects to receive $10,000 from an investment two years from today. However, he really needs the money today, and he has decided to take out a loan. If the interest rate on the loan is 8%, how much can John borrow today against the future cash flow that will be generated from the investment?

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Financial Accounting: How much can john borrow today against the future cash flow

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Financial Accounting: How much can john borrow today against the future cash flow

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