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AUTO DEALERSHIPS General Motors loaned one of its auto dealers $ 6 , 5 0 0 , 0 0 0 on August 4 at 9

AUTO DEALERSHIPS General Motors loaned one of its auto dealers $

6, 500, 000

on August

4

9 \frac{1}{2} %

simple interest. Find the future value as of December

31 .

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