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August 29, 2014

Homework Help: Business Math

Posted by Carleen on Monday, October 7, 2013 at 6:42pm.

On September 14, Jennifer Rick went to Park Bank to borrow $2,500 at 11.75% interest. Jennifer plans to repay the loan on January 27. What interest will Jennifer owe on January 27? What is the total amount Jennifer must repay at maturity?

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