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Another bank is also offering favorable terms, so Rahul decides to take the loan of $10,000 from this bank. He signs the loan contract and
Another bank is also offering favorable terms, so Rahul decides to take the loan of $10,000 from this bank. He signs the loan contract and 9% compounded daily for 12 months. Based on 364-day year, what is the total amount that Rahul owes the bank at the end of the loan's term?
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