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If Joel took out a three-month loan at 6.5% for remodeling of his store that he estimates will cost $14,500, which of the following is

If Joel took out a three-month loan at 6.5% for remodeling of his store that he estimates will cost $14,500, which of the following is the interest total for the remodeling?

  • $235.63
  • $3,770.00
  • $2,356.25
  • $231.86

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