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A company wants to borrow money for a new production/warehouse facility. If the company offers to repay the loan with $ 30,000 in year 2

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A company wants to borrow money for a new production/warehouse facility. If the company offers to repay the loan with $ 30,000 in year 2 (no payments at year 0 and year 1) and amounts increasing by 5% each year through year 30, how much can the company borrow at an interest rate of 6% per year

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