Question: Jeff Farris borrowed $34,000 on July 1, 2014. This amount plus accrued interest at 9% compounded annually is to be repaid on July 1, 2019.

Jeff Farris borrowed $34,000 on July 1, 2014. This amount plus accrued interest at 9% compounded annually is to be repaid on July 1, 2019. How much will Jeff have to repay on July 1, 2019?

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