Lender pays the bank the interest due


A loan of 10,000 is taken out at 6% interest from a bank to be repaid over 10 years. Instead of paying a bank directly, the lender pays the bank the interest due and establishing a sinking fund at 4% interest to pay off principle. What is the total amount the borrower pays over 10 years? Please show all work and/or calculatior explanation.

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Mathematics: Lender pays the bank the interest due
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