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Having issues with a) Charmaine obtains a loan for home renovations from a bank that charges simple interest at an annual rate of 9.65%. Her
Having issues with a)
Charmaine obtains a loan for home renovations from a bank that charges simple interest at an annual rate of 9.65%. Her loan is for $17,100 for 76 days. Assume each day is of a year. Answer each part below. 365 Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find the interest that will be owed after 76 days. (b) $17100.96 Assuming Charmaine doesn't make any payments, find the amount owed after 76 days. $17443.59 XStep by Step Solution
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