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A company currently owes $15,000 to a bank for a loan it took 4 years and 4 months ago. The interest rate charged on the

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A company currently owes $15,000 to a bank for a loan it took 4 years and 4 months ago. The interest rate charged on the loan was 4% compounded monthly. A company currently owes $15,000 to a bank for a loan it took 4 years and 4 months ago. The interest rate charged on the loan was 4% compounded monthly

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