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3. Frank's loan pay off is to be made in two installments: $2500 in a year, and $3500 in 3 year. After talking to his

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3. Frank's loan pay off is to be made in two installments: $2500 in a year, and $3500 in 3 year. After talking to his loan officer, it was decided that he could pay both installments in 20 months. How much would he pay if his loan is processed at 7 simple interest. Draw a timeline to illustrate your solution

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