Question

Big Corp. borrows $200 million at a rate of 9.0% to finance a new plant. They will fully repay the loan with

annual payments in 10 years. How much will they pay in total over the 10 years to repay the loan in full?

A. $218,000,000

B. $311,640,180

C. $231,164,018

D. $473,472,735

E. $623,280,360

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