Use the Binomial Theorem to simplify the power of the complex number. 
Definitions:
Compounded annually
Interest calculated once a year on the principal amount of an investment, including any interest from previous periods.
Foreclosure action
A legal process in which a lender seeks to recover the balance of a loan from a borrower who has stopped making payments, typically by selling the property used as collateral.
Purchase price
The price at which an item or property is bought.
Conditional sale contract
A sales agreement that transfers ownership of an item to the buyer only after specific conditions are met, usually full payment of the purchase price.
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