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How much does Kevin owe in total

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Question - Kevin takes out a loan from Bank A for $4000, 3 years later he takes out a second loan from Bank B. If Bank A charges him interest at j1=4% and Bank B charges interest at j1=4.5%, how much does Kevin owe in total (including the debts from both Banks A and B), 5 years after taking out the loan from Bank A?

Reference no: EM132795864

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