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Ms . Huong wants to buy a flat. The flat costs VND 5 , 0 0 0 million in total. She has determined that she

.

Huong wants to buy a flat. The flat costs VND

5, 000

million in total. She has determined that she can afford a VND

700

million annual payment for the next

10

years. If she can borrow the money at

9 %,

can she afford the flat? Knowing that the first payment will be one year from now.

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