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

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

Question 5 options:

Less than $10

Between $10 and $50

Between $50 and $100

More than $100

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