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A department store charges $39.50 interest for an account which owed $540.00 and was 87 days late. What is the annual simple interest rate that

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A department store charges $39.50 interest for an account which owed $540.00 and was 87 days late. What is the annual simple interest rate that the department store is charging? Assume 365 days per year. (Note: Your answer must be accurate to two decimal places) Find the future value of the loan: $16827 at 8% for 10 months. $ Suihmit anewar

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