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10. Paying off a Bank Loan (10p). You take out a Loan from a bank worth $1,000. If interest rat is 10% and the loan

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10. Paying off a Bank Loan (10p). You take out a Loan from a bank worth $1,000. If interest rat is 10% and the loan matures at the end of the 4th year. How much loan repayment amount should you pay to the bank to close out your debt completely? Show your calculation

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