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Big Corp. borrows $250 million at a rate of 9.0% to finance a new plant.They will fully repay the loan with annual payments in 10
Big Corp. borrows $250 million at a rate of 9.0% to finance a new plant.They will fully repay the loan with annual payments in 10 years.How much will they pay in total over the 10 years to repay the loan in full?
Group of answer choices
$623,280,360
$231,164,018
$218,000,000
$473,472,735
$389,550,225
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