If you have borrowed 221 dollars using a pure discount loan for 5 years, where you must pay 7% in interest per year, how

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answerhappygod
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If you have borrowed 221 dollars using a pure discount loan for 5 years, where you must pay 7% in interest per year, how

Post by answerhappygod »

If you have borrowed 221 dollars using a pure discount loan for
5 years, where you must pay 7% in interest per year, how much must
you payback in 5 years? (Please use at least 5 decimal places and
do not use $ symbol in the answer)
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