Anya finally decides that she will give her cousin,Zen,the loan he requested.He is expected to pay Anya $12,500 each year for the next 5 years,starting at the end of this year.The loan interest rate at the bank is 5% but because he is family,she will only charge him half of this interest rate.What is the current value of this loan,today?
B)$500,000 C)$62,500 D)$54,118.46 E)$55,240.89

Question

Anya finally decides that she will give her cousin,Zen,the loan he requested.He is expected to pay Anya $12,500 each year for the next 5 years,starting at the end of this year.The loan interest rate at the bank is 5% but because he is family,she will only charge him half of this interest rate.What is the current value of this loan,today?
  B)$500,000 C)$62,500 D)$54,118.46 E)$55,240.89

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The Answer of Anya finally decides that she will give her cousin,Zen,the loan he requested.He is expected to pay Anya $12,500 each year for the next 5 years,starting at the end of this year.The loan interest rate at the bank is 5% but because he is family,she will only charge him half of this interest rate.What is the current value of this loan,today?
  B)$500,000 C)$62,500 D)$54,118.46 E)$55,240.89

Anya Finally Decides That She Will Give Her Cousin,Zen,the Loan