Question: NewCorp provided its CEO with a 151-day term loan with a simple interest rate of 3.9% and reported that the CEO paid $275.84 in interest.Bankers'

NewCorp provided its CEO with a 151-day term loan with a simple interest rate of 3.9% and reported that the CEO paid $275.84 in interest.Bankers' Rule was used for the interest calculation. How much did the company loan their CEO?

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