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A company wants to borrow $500,000 for three years at an interest rate of 6%, to finance a project. If the borrowed money and interest

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A company wants to borrow $500,000 for three years at an interest rate of 6%, to finance a project. If the borrowed money and interest are paid back at the end of three years, what will be the total amount of the repayment? 1. $90,000.00 2. $595,508.00 3. $95,508.00 4. $590,000.00

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