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Calculate the simple interest (in dollars) due on the following. (Round your answers to the nearest cent.) A. 5-year loan of $2,950if the annual interest

Calculate the simple interest (in dollars) due on the following. (Round your answers to the nearest cent.)

A. 5-year loan of $2,950if the annual interest rate is6.75%

$___________

B. a5-month loan of $2,950if the monthly interest rate is0.9%

$___________

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