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You have just obtained a 5-year pure discount loan in the amount of $75,000 at 6.28 percent interest, compounded monthly. What total amount will you

You have just obtained a 5-year pure discount loan in the amount of $75,000 at 6.28 percent interest, compounded monthly. What total amount will you have to repay?

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  • $105,260.13

  • $102,582.70

  • $84,219.16

  • $87,370.00

  • $96,100.84

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