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10. What is the present equivalent of $5,000 that will be received at 8% interest compounded monthly? The $5,000 are going to be received in 2 1/2 years? C $6,10296 $4,917.63 O $4,124.87 in $4,096.379. A bank loaned money to a telecommunication office. The loan is for $3,000 for 5 years at 7% per year simple interest. How much money will the engineer repay at the end of 5 years? $3,210.00 $3,262.50 $4,050.00 $3,087.50