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Owen expects to receive $ 2 9 comma 0 0 0 $ 2 9 , 0 0 0 at the end of next year from

Owen expects to receive $ 29 comma 000$29,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 6.7%6.7%, how much money can he borrow from the bank on the basis of this information?

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