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Arthur Dent promises to pay Trillian $670 plus interest at a simple interest rate of 8.0% in 225 days. Trillian sells the contract to Marvin
Arthur Dent promises to pay Trillian $670 plus interest at a simple interest rate of 8.0% in 225 days. Trillian sells the contract to Marvin 108 days later to yield Marvin a rate of return of 8.3%. Calculate the price paid by marvin
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