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A business is taking a $5 million loan for 90 days and another $5 million loan for three years plus three days. Both loans is
A business is taking a $5 million loan for 90 days and another $5 million loan for three years plus three days. Both loans is interest rates is 13.0%, compounded daily. Both loans are paid off with accumulated interest at the loan expiration time. Calculate the loans payments.
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