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You take our a lova of $ 1 0 0 0 which must be repaid at 5 % nominal annual interest ( compounded monthly )

You take our a lova of $1000 which must be repaid at 5% nominal annual interest (compounded monthly) after 1 year. How much will you owe at 1 yean For the roolhar, press ALT+F1O (PC) or ALT+FN+F10(Mac).
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