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Corp XYZ borrows $7 million at a rate of 5.00% to finance a new plant.They will fully repay the loan with annual payments in 5

Corp XYZ borrows $7 million at a rate of 5.00% to finance a new plant.They will fully repay the loan with annual payments in 5 years.How much will they pay in total over the 5 years to repay the loan in full?

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