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Assume that a large company issues bonds for $5 million, promising to make interest rate payments at an annual rate of 6% and to repay
Assume that a large company issues bonds for $5 million, promising to make interest rate payments at an annual rate of 6% and to repay the amount originally borrowed after 15 years. How much money in total will the company pay at the end of the 15 year period? Enter your response in millions rounded to two decimal places. company's total expenses: $
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