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The following diagram shows that 60% of the total CAPEX required for a project is borrowed from a bank at an interest rate of 8%

The following diagram shows that 60% of the total CAPEX required for a project is borrowed from a bank at an interest rate of 8% per year. What will be the total loan amount at the end of year three if the loan proceeds take place at the end of each year and interest accrues from the day the actual amount is withdrawn?

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