Question: Hernandez Engineering borrows $6,500, at 6 1 2 % interest, for 120 days. If the bank uses the ordinary interest method, how much interest (in

Hernandez Engineering borrows $6,500, at

6

1
2

%

interest, for 120 days. If the bank uses the ordinary interest method, how much interest (in $) will the bank collect? (Round your answer to the nearest cent.)

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