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Adam borrowed a loan from CIB bank, and he pays EGP8000 at the end of each year for 10 years. After two years, he opened

Adam borrowed a loan from CIB bank, and he pays EGP8000 at the end of each year for 10 years. After two years, he opened account at EG bank and asked the EG bank to buy his debt from CIB bank. If the EG bank requires a minimum return of 11%, how much should EG bank pay to CIB bank to purchase Adams debt.

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