Question: Suppose that Sarah and Halley each borrow the same amount of money at the same time. Sarah loan is a simple interest loan whose annual

Suppose that Sarah and Halley each borrow the same amount of money at the same time. Sarah loan is a simple interest loan whose annual rate is 8.9%. Halley loan is a simple discount loan whose annual rate is 6.3%.

How many months must elapse in order for their maturity values to be the same?

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