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Hugh Curtin borrowed $ 38,500 on July 1, 2017. This amount plus accrued interest at 6% compounded annually is to be repaid on July 1,
Hugh Curtin borrowed $ 38,500 on July 1, 2017. This amount plus accrued interest at 6% compounded annually is to be repaid on July 1, 2022. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much will Hugh have to repay on July 1, 2022? (Round answer to 2 decimal places, e.g. 25.25.)
| enter a dollar amount rounded to 2 decimal places |
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