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Mathematics, 08.10.2020 01:01 SophieCasey

Patrick Mahomes signed a 10-year $503,000,000 contract this past offseason. That's right; 500 and three MILLION dollars. He decided to invest (loan) $10,000,000 to the Texans
organization, to help fire O'Brien and get better. If the agreed deal has an interest rate of 8% for
5 years, compounded quarterly, what is the amount that Machomes is expecting to get back in 5 years?

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