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QUESTION

An amount of $18,000 is borrowed for 10 years at 6.75% interest, compounded annually. if the loan is paid in full at the end of that period, how much must be paid back?

An amount of $18,000 is borrowed for 10 years at 6.75% interest, compounded annually. if the loan is paid in full at the end of that period, how much must be paid back?

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