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Ray borrows $9,325 from his parents today to start his own car rental business and agrees to pay back the borrowed amount together with five-year
Ray borrows $9,325 from his parents today to start his own car rental business and agrees to pay back the borrowed amount together with five-year worth interest payment in 5 years at 7.43% interest rate per year.
How much does Ray need to pay back the loan after 5 years?
Please round your answer to the second decimal without a dollar sign. E.g. 1234.56
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