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Suppose that you borrow $ 4 , 0 9 5 now, promising to repay the loan principal plus accumulated interests in 4 years at interest

Suppose that you borrow $

4, 095

now, promising to repay the loan principal plus accumulated interests in

4

years at interest rate

i = 6.7 %

per year.

How much would you repay at the end of

4

years?

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