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Today, Tomas is borrowing $4,600 at an 8.5 percent rate of interest. He has agreed to repay both the principal and the interest in one
Today, Tomas is borrowing $4,600 at an 8.5 percent rate of interest. He has agreed to repay both the principal and the interest in one lump sum five years from now. How much will he owe at the end of the loan period? *
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