Question: Sun borrows $10,000 today at 4 percent compounded annually. The terms of the loan require him to repay the principal and interest in one lump

Sun borrows $10,000 today at 4 percent compounded annually. The terms of the loan require him to repay the principal and interest in one lump sum ten years from today. How much will he have to pay in ten years? $6,755.84 $14 802.44 $14,000 $101.000

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