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Posted on Jul 17, 2024

A construction company is financing a site reclamation project costing $ 1 5 , 7 0 0 , 0 0 0 . 0 0 .

A construction company is financing a site reclamation project costing $

15, 700, 000.00 .

They are able to borrow the money for the project at

12 %

interest compounded quarterly and repay the loan at the end of seven years. How much will the company have to repay at the end of seven years? SOLVE IN EXCEL

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