An employee steals a sum of 93628 and a second sum of, Finance Basics

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An employee steals a sum of 93628 and a second sum of

Question: An employee steals a sum of $93628 and a second sum of $211591 two years later from a company. Eventually the thief is caught, stands trial and is found guilty. The judge decides that the employee must reimburse the company by repaying the amount stolen plus 11.5% p.a. interest (compounded monthly) calculated over the period since it was stolen. It is now six years since the first offence. How much has to be repaid?

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