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9) A lender makes a loan of $5,000 to be paid back in 5 years. The lender will charge a continuous rate of 4% per

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9) A lender makes a loan of $5,000 to be paid back in 5 years. The lender will charge a continuous rate of 4% per year along with a.2% default risk compensation. In addition the lender requires that the loan be paid back based on the CPI index. At the time of the loan the CPI = 450 at the time the loan is due the CPI = 475. How much will the borrower be required to pay

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