Find the total amount paid by the borrower over the course, Financial Management

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Find the total amount paid by the borrower over the course

The borrower of a loan of 10,000 makes monthly interest payments to the lender at rate i(12)=.15, and monthly deposits of 100 to a sinking fund earning i(12)=.09 when the sinking fund reaches 10000 the borrower will repay the principal and discharge the loan. Find the total amount paid by the borrower over the course of the loan.

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Financial Management: Find the total amount paid by the borrower over the course

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Financial Management: Find the total amount paid by the borrower over the course

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