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Hugh Curtin borrowed $39,500 on July 1, 2017. This amount plus accrued interest at 7%...

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Accounting

Hugh Curtin borrowed $39,500 on July 1, 2017. This amount plus accrued interest at 7% compounded annually is to be repaid on July 1, 2022.

How much will Hugh have to repay on July 1, 2022?

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