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In his online banking app, Lao set automatic payments of $12 to be made at the beginning of each day towards the balance of his
In his online banking app, Lao set automatic payments of $12 to be made at the beginning of each day towards the balance of his credit line. If it took Lao 5 years and 195 days to pay off the balance, what was the amount of the balance? The credit line charged 10% compounded daily.
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