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P5-9 (similar to) Question Help Single payment loan repayment Personal Finance Problem A person borrows $250 at he must repay in a lump sum no

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P5-9 (similar to) Question Help Single payment loan repayment Personal Finance Problem A person borrows $250 at he must repay in a lump sum no more than 10 years from now. The interest rate is 8.1% annually compounded. The borrower can repay the loan at the end of any earlier year with no prepayment penalty What wont be due t o the loaner2 year How much the borrow have to pay her 3 years? 6. What amount is due at the end of the tenth year? The mount due the loan is repaid at the end of your 2 T (Round to the nearestent)

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