Question: Required: Use the Excel NPV() function to calculate the maximum loan you would be willing to give today for a borrower to make 8 years

Required: Use the Excel NPV() function to calculate the maximum loan

Required: Use the Excel NPV() function to calculate the maximum loan you would be willing to give today for a borrower to make 8 years of $18,000 payments at 10 percent interest. (Round your answer to 2 decimal places.) Maximum loan

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