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B ) Borealis Hardware borrowed $ 6 , 9 5 0 on May 1 2 , 2 0 2 1 and repaid this loan on

B) Borealis Hardware borrowed $6,950 on May 12,2021 and repaid this loan on
August 28,2022. What annual rate of simple interest was charged if the amount
repaid was $8189.05?
C) Marvin is supposed to make the following loan payments: $910 today and $1440
16 months from now. He is unable to make today's payment and calls his bank
to arrange for an alternate payment plan. This new plan would have him pay
$1250 in nine months and the balance in one year. Calculate the balance Marvin
would pay one year from now if the interest rate is set at 12.2% p.a.. Include a
labelled timeline with your response.
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