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4. An amount of$2400 was borrowed at 12% on March 1, 2016, Payments of $800 were made on May 1st, August I , and October

4. An amount of$2400 was borrowed at 12% on March 1, 2016, Payments of $800 were made on May 1st, August I ", and October 1. Determine the amount needed to repay the loan on December 1t using: a. the Merchant's Rule. b. the U.S. Rule

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