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By taking advantage of your current saving account and credit line promotions, youwere able to borrow $100,000 at 2.5% APR compounded quarterly and deposit thismoney

By taking advantage of your current saving account and credit line promotions, youwere able to borrow $100,000 at 2.5% APR compounded quarterly and deposit thismoney into a saving account that generates 2.5% APR compounded monthly. Howmuch money will you have in 1 year after you withdraw money from your savingaccount and repay your debt?

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