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Alice took out a loan for $19,500 at 13 1/2% on March 4, 2016, which will be due on January 14, 2017. Using ordinary interest,
Alice took out a loan for $19,500 at 13 1/2% on March 4, 2016, which will be due on January 14, 2017. Using ordinary interest, what will be the interest cost and what amount will Alice pay back on January 14, 2017? (Round your answer to the nearest cent.) Interest cost Alice pay back
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