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5 of 21 0 complte) This Test: 100 pts possible This Question: 4 pts than 10 years from now. The interest rate Single -payment loan
5 of 21 0 complte) This Test: 100 pts possible This Question: 4 pts than 10 years from now. The interest rate Single -payment loan repayment Personal Finance Problem A person borrows $290 that he must repay in a lump sum no mor is 8 9% annually compounded The borrower can repay the loan at the end of anye aner year with no pre a. What amount will be due if the borrower repays the loan after 1 year? b. How much would the borrower have to repay after 4 years? c. What amount is due at the end of the tenth year? a. The amount due if the loan is repaid at the end of year 1 is A Round to the rr b. The repayment at the end of year 4 ssr (Round to the nearest cent) (Round to the nearest cent C. The amount due at the end of the tenth year is S
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