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A restaurant borrows$12,800 from a local bank for5months. The local bank charges simple interest at an annual rate of7.3% for this loan. Assume each month

A restaurant borrows$12,800

from a local bank for5months. The local bank charges simple interest at an annual rate of7.3%

for this loan. Assume each month is1/12

of a year. Answer each part below.

Do not round any intermediate computations, and round your final answers to the nearest cent.

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