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16. COMPUTER CONSULTANT The computer system at Genome Therapy crashed several times last year. On January 10, the company borrowed $125,000 at 9% compounded annu-
16. COMPUTER CONSULTANT The computer system at Genome Therapy crashed several times last year. On January 10, the company borrowed $125,000 at 9% compounded annu- ally for 250 days to pay a consultant to work on the Novell network. However, they decide to pay the loan in full on July 1. Find (a) the interest due and (b) the total amount due
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