Question: Question content area top Part 1 What is the maximum amount Ginger Logan can borrow today if it must be repaid in 7 months with

Question content area top

Part 1

What is the maximum amount Ginger Logan can borrow today if it must be repaid in

7

months with simple interest at

7%

and she knows that at the time she will be able to repay no more than

$15,000?

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