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22-10-2022
Mathematics

Answered

A print shop borrows $4200 from a credit union for 178 days. The credit union charges simple interest at an annual rate of 6.5% for this loan. Assume each day is 1/365 of a year.
round your final answers to the nearest cent.
A) Find the interest that will be owed after 178 days.
B) Assuming the print shop doesn't make any payments, find the amount owed after 178 days.

Answer :

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