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Suppose that your favorite college team surprisingly makes the SEC Championship game in Atlanta. You want to go but you do not have the $8,627.00

Suppose that your favorite college team surprisingly makes the SEC Championship game in Atlanta. You want to go but you do not have the $8,627.00 needed today to take your family. A friend offers to loan you the money today, but would like his loan returned with 10.00% interest exactly one year from today. How much will you pay your friend in next year?

Answer format: Currency: Round to: 2 decimal places.

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