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If your cousin wants to borrow from you MAD 400,000.00 and promised you to pay you each year forever MAD 50,000, would you accept this

  1. If your cousin wants to borrow from you MAD 400,000.00 and promised you to pay you each year forever MAD 50,000, would you accept this deal if the interest rate is 8%?
  2. How long would it take you to double your money if interest rate is 7 %?

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