Question: Allan borrows 1940 dollars from his uncle. Two years later, he borrows another 1410 dollars. If his uncle charges him 8.7 percent interest compounded annually,

Allan borrows 1940 dollars from his uncle. Two years later, he borrows another 1410 dollars. If his uncle charges him 8.7 percent interest compounded annually, how much does Allan owe 6 years after the first loan?

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