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To pay for his roof, Kevin decides to borrow $9,000 from his bank for 10 years with a rate of 4,4% compounded daily. (use n=360)
To pay for his roof, Kevin decides to borrow $9,000 from his bank for 10 years with a rate of 4,4% compounded daily. (use n=360)
Determine the amount Kevin would have to pay his bank on the day of maturity. Round your answer to the nearest cent.
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