Question: A firm has borrowed $ 5 , 0 0 0 , 0 0 0 for 5 years at 1 0 % per year compound interest.

A firm has borrowed $

5, 000, 000

for

5

years at

10 %

per year compound interest. The firm will make no payments until the loan is due, when it will pay off the interest and principal in one lump sum. What is the total payment?

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