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4) Jasmin is going into food preparation business and is going to buy kitchen equipment for $6800 and the seller will accept a promissory note

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4) Jasmin is going into food preparation business and is going to buy kitchen equipment for $6800 and the seller will accept a promissory note with a 10% simple interest rate. Calculate the interest amount and the repayment amount she needs to pay. The promissory note and kitchen equipment delivery starts on July 18,2022 with repayment due Dec 7,2022

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