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You also had a customer who wanted to take out a loan that is continuously...

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Accounting

You also had a customer who wanted to take out a loan that is continuously compounded. They only needed a loan of $50,000 and they want to pay it back in 5 years. You offer a rate of 2.78%. They are curious how much they would actually end up paying back. What is the amount you tell the customer they would end up paying?

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