How much should be the lump sum repayment amount at the end
The sum of $1000 is borrowed at an annual interest rate 10% (compounded annually), to be repaid in one lump sum at the end of three years. How much should be the lump sum repayment amount at the end of three years period?
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the sum of 1000 is borrowed at an annual interest rate 10 compounded annually to be repaid in one lump sum at the end
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