Question: What is the maximum amount Ginger Logan can borrow today if it must be repaid in 7 months with simple interest at 5% and she

What is the maximum amount Ginger Logan can borrow today if

What is the maximum amount Ginger Logan can borrow today if it must be repaid in 7 months with simple interest at 5% and she knows that at the time she will be able to repay no more than $50,000? She can borrow $0 (Round to the nearest dollar as needed.)

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