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Please answer, thank you! Hugh Curtin borrowed $34,000 on July 1,2022 . This amount plus accrued interest at 10% compounded annually is to be repaid
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Hugh Curtin borrowed $34,000 on July 1,2022 . This amount plus accrued interest at 10% compounded annually is to be repaid on July 1, 2027. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much will Hugh have to repay on July 1, 2027? (Round answer to 2 decimal places, e.g. 25.25.) Amount to be repaid on July 1,2027Step by Step Solution
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