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If you take a $5,000 lump sum loan today and the interests are 2.5% in the first year and 8% in the second year, how
If you take a $5,000 lump sum loan today and the interests are 2.5% in the first year and 8% in the second year, how much in a lump sum will you have to pay off your loan in two years from today?
a. $4,513.63
b. $4,516.72
c. $5,253
d. $5,535
e. $5,539
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