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You can pay off a loan either by paying the entire amount of $16,000 now or you can pay $10,000 now 1 answer below » You can pay off a loan either by paying the entire amount of $16,000 now or you can pay $10,000 now and $10,000 at the end of ten years. Which is preferable when the nominal continuously com- pounded interest rate is: (a) 2%; (b) 5%; (c) 10%? Aug 19 2015 11:44 AM
