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You have borrowed 4670 from you dad to purchase a

You have borrowed $4670 from you dad to purchase a second-hand car and have agreed to re-pay your dad a lump sum amount in five years' time with interest being charged at a rate of 4.88% p.a., compounded daily. What amount will you pay your dad in five years' time?

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Finance Basics: You have borrowed 4670 from you dad to purchase a

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