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The sugar bank gives a home loan at an annual interest of 15%. Loan amount is one hundred thousand lira and maturity is 6 years.

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The sugar bank gives a home loan at an annual interest of 15%. Loan amount is one hundred thousand lira and maturity is 6 years. Since the debt will be paid at the end of the term, what will the debt amount be? What would happen if the bank charged ordinary interest instead of compound interest

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