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William Wang wants to borrow money from his father to buy a car. Williams father is trying to teach him how to manage money, so

William Wang wants to borrow money from his father to buy a car. Williams father is trying to teach him how to manage money, so he agrees to loan him the money, but at 5% compounded quarterly. William borrows $11,200 and repays everythingprincipal plus all of the interestin years. How much does William pay back to his father?

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