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New Jersey Trust Co borrows $93,400 from a bank at 5.25% compounded monthly for 9 years and 5 months. a) How much will the accumulated

New Jersey Trust Co borrows $93,400 from a bank at 5.25% compounded monthly for 9 years and 5 months. a) How much will the accumulated value of the loan be at the end of the term? $ b) How much interest will be charged on the loan? $

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