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4 January, 06:05

Suppose you borrowed $112,500 at 5 ½ % interest on June 10 for 72 days. Your bank uses the exact interest method. Determine the amount of interest on the loan?

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  1. 4 January, 06:34
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    suppose you borrowed $112,500 at 51/2% interest on June 10 for

    72days. your bank uses the exact interest method. Determine the amount of interest on the loan?
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