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  3. 3 given p10000 which is borrowed at 8 per year...

Question: 3 given p10000 which is borrowed at 8 per year...

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3. Given P-$10,000, which is borrowed at 8% per year. a. What is the future value F after 5 years? b. How much must be paid back each year in equal increments) so that the debt is paid off in 5 years?

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