A store manager obtained a loan of $25,000, at 6 3/8% interests, for 15 months to purchase

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A store manager obtained a loan of $25,000, at 6 3/8% interests, for 15 months to purchase supplies. Find the amount of simple interest. (Round to the nearest cent)

a. $2,502.25

b. $1,992.19

c. $2,125.37

d. $1,721.13

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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