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Problem 1: Suppose you borrow $6,210 now and agree to repay the loan in 5 years plus interest charged at a 10% annual rate. How

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Problem 1: Suppose you borrow $6,210 now and agree to repay the loan in 5 years plus interest charged at a 10% annual rate. How much will you owe at the end of year 5? Problem 2: Farmland in Leon County has been selling for $6,000 per acre. If it is expected to increase in value at a compound interest rate of 3% per year, what will its value be in 25 years

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