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You go to the bank and borrow 100,000. The interest rate is a 6%, and you agree with the bank that youll pay that loan
You go to the bank and borrow 100,000. The interest rate is a 6%, and you agree with the bank that youll pay that loan back in one single payment after 5 years.
How much money youll have to pay back to the bank after those 5 years?
Draw and fill the repayment table
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