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You borrowed $15,000 from a bank at the annual interest of 10% compounded annually. The debt is to be repaid in equal yearly installments for
You borrowed $15,000 from a bank at the annual interest of 10% compounded annually. The debt is to be repaid in equal yearly installments for five years. The $15,000 was invested by you in a project that pays $4500 a year for five years. After paying the debt installment from the $4500, the rest is invested in another bank at the animal interest of 5%. At the end of the five years, how much money would you have made
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