Question: Your friend has agreed to give you an interest free loan of $5,000 in 2 years' time for a down payment on a car. Using

Your friend has agreed to give you an interest free loan

Your friend has agreed to give you an interest free loan of $5,000 in 2 years' time for a down payment on a car. Using an annual interest rate of 2.75% what is the present value of the loan? O None of the options listed 0 $4,262 O $4,736 0 $4,449 O $5,279

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