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Determine the amount of interest due on an $85,000 short term loan, with a term of 300 days and a simple interest rate of 8%.
Determine the amount of interest due on an $85,000 short term loan, with a term of 300 days and a simple interest rate of 8%.
$6,859.04
5,100.10
$5,589.04
$5,000
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