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GTI Ltd. has an outstanding balance on their credit line with the bank at the beginning of June of $14,000 and needs to borrow an
GTI Ltd. has an outstanding balance on their credit line with the bank at the beginning of June of $14,000 and needs to borrow an additional $2,200 to cover expenses. Their interest rate is 3.5%. If all borrowing is done at the beginning of the month, what is the company's total interest charge for June
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