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October 24, 2014

Homework Help: business math

Posted by Susan on Tuesday, March 12, 2013 at 4:04pm.

Janet Home went to Citizens Bank. She borrowed $7,000 at a rate of 8 percent. The date of the loan was Sept 20. Janet hoped to repay the loan on Jan.20. Assuming the loan is based on ordinary interest, Janet will pay back interest on Jan.20 is?

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