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14 IF the sum of $12,000 is borrowed and the debtor is obligated to pay the creditor $900 for each year the loan is in

14 IF the sum of $12,000 is borrowed and the debtor is obligated to pay the creditor $900 for each year the loan is in existence, then, the simple interest is most nearly: out of Select one: a.75% B. 13.33% c. 5.0% d. 10.0% O O

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