How much would my cousin owe me in five years


Problem: If I invest $63,000 today in a bond, the state will pay me $100,000 in seven years. My cousin says that if I loan him the money for five years he will give me double the annual compounded interest rate that the state will. He promises to pay it all off in one payment at the end of five years. How much would my cousin owe me in five years?

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