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You borrow money today at 6.65 percent, compounded annually, and repay the principal and interest in one lump sum of $12,800 two years from today.

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You borrow money today at 6.65 percent, compounded annually, and repay the principal and interest in one lump sum of $12,800 two years from today. How much are you borrowing? (Please show your steps, total 10 points)

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