ThatGuy22911 ThatGuy22911

31-01-2024
Business

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Cindy is taking out a loan today. The cash amount that she will receive today is equal to the present value of the lump sum payment which she will be required to pay 2 years from today. Which type of loan is this?
A) Principal-only
B) Amortized
C) Interest-only
D) Compound
E) Pure discount

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