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Today is January 1, 2023. You owe $100,000 to a creditor due Jan 1, 2029....

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Finance

Today is January 1, 2023. You owe $100,000 to a creditor due Jan 1, 2029. The discount rate is 6% discounted quarterly. You request a payoff letter to pay your debt in cash today. The payoff letter ($ today) in this case should require a cash payment of $

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