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The American Bank pays 4 percent simple interest on its investment accounts. If Californian Union Bank pays interest on its accounts compounded annually, what interest

The American Bank pays 4 percent simple interest on its investment accounts. If Californian Union Bank pays interest on its accounts compounded annually, what interest rate should the bank set if it wants to match The American Bank over an investment horizon of 10 years?

If you borrow $25,000 at 10% and make annual payments of $3,669.08, how long will it take you to pay it back?

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