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Calculate the total amount that must be repaid at the end of the short-term loan. $15,000 is loaned at a simple interest rate of 12%

Calculate the total amount that must be repaid at the end of the short-term loan. $15,000 is loaned at a simple interest rate of 12% for 90 days. Find the total amount that must be repaid at the end of the 90-day period. (Round your answer to the nearest cent.)

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