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Dimitry wishes to borrow $200,000 to invest in his Engineering Consulting firm at the moment. It is expected that the annual interest will be 5%

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Dimitry wishes to borrow $200,000 to invest in his Engineering Consulting firm at the moment. It is expected that the annual interest will be 5% for the first four years from now and then the interest rate will increase to 4% for another four years after that. How much he will need to pay back after 8 years? Assuming he does not make any early payment The expected amount would be: [Select]

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