You borrowed $1,000 on November 30th and another $1,500 on December 31st. Your arrange with the bank

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You borrowed $1,000 on November 30th and another $1,500 on December 31st. Your arrange with the bank to pay the entire amount on February 15th of the following year. If the interest is 12% simple (per annum) how much must you pay on February 15th? Use February 15th as the focal date. a $3150 b $2359 c $2548 d $2435

Posted Date: May 18, 2024 11:13 PM

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You borrowed $1,000 on November 30th and another $1,500 on December 31st. Your arrange with the bank

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