Blossom Curtin borrowed $31,000 on July 1, 2022. This amount plus accrued interest at 5%...
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Blossom Curtin borrowed $31,000 on July 1, 2022. This amount plus accrued interest at 5% compounded annually is to be repaid on July 1, 2027. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much will Blossom have to repay on July 1, 2027? (Round answer to 2 decimal places, e.g. 25.25.)
| Amount to be repaid on July 1, 2027 | $enter the amount to be repaid on July 1, 2027 in dollars rounded to 2 decimal places |
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