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Homework answers / question archive / Six years ago, you borrowed $200,000 for a ten-year period from BOB Bank at a stated interest rate of 10% p

Six years ago, you borrowed $200,000 for a ten-year period from BOB Bank at a stated interest rate of 10% p

Finance

Six years ago, you borrowed $200,000 for a ten-year period from BOB Bank at a stated interest rate of 10% p.a. with interest compounded quarterly. You have been making equal, quarterly payments on the loan during this time and now wish to repay the loan in full. The amount that you need to repay the bank today is closest to:

Group of answer choices

$142,494.

$72,524.

$104,012.

$187,678.

Option 1

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