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You borrow $5000 to help pay your college expenses.

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You borrow $5000 to help pay your college expenses. You agree to repay

the loan at the end of 5 years at 8% interest, compounded quarterly. (Round your answers to two decimal places.)
(a) What is the maturity value of the loan?
$

(b) How much interest are you paying on the loan?

 
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