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How much did the soccer club borrow

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Question - e local high school soccer club need to borrow to finance a new soccer field. Repayment of the loan involves payments of $10 000.00 at the end of every three months for eight years. No payments are to be made during the development period of five years. Interest is 8% compounded quarterly. How much did the soccer club borrow?

Reference no: EM133014399

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