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2. Hugo borrows $10,000 for a period of 10-years. The effective rate of interest is 9% (a) Calculate the total amount of interest paid if

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2. Hugo borrows $10,000 for a period of 10-years. The effective rate of interest is 9% (a) Calculate the total amount of interest paid if Hugo repays the entire loan (b) Calculate the total amount of interest paid if Hugo repays only the accrued per annum. (principal and interest) in a single lump-sum at the end of ten years. interest at the end of each year and the principal is repaid at the end of 10 years (c) Calculate the total amount of interest paid if Hugo repays the loan by making level annual payments at the end of each year over the 10-year period

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