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Billy Thornton borrowed $225,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day

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Billy Thornton borrowed $225,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Billy have to pay in a 30-day month? Select the correct answer. O a $1.359.38 O b. $1,354.78 O c. $1.357.08 O d. $1,361.68 O e $1.363.98

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