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almud Book Company borrows $17,500 for 90 days at 11 percent interest. What is the dollar cost of the loan? (Use a 360-day year. Do

almud Book Company borrows $17,500 for 90 days at 11 percent interest. What is the dollar cost of the loan? (Use a 360-day year. Do not round intermediate calculations and round your final answer to 2 decimal places.)

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