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Devon takes out a loan of $1,500, at 4% simple interest, for 59 months. What is the maturity value of the loan? (Round to the

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Devon takes out a loan of $1,500, at 4% simple interest, for 59 months. What is the maturity value of the loan? (Round to the nearest cent.)2O $1,426.63$1,567.50$1,831.88O $2,208.00

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