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If you borrow $ 18,500 at an annual interest rate of 7.5% on September 14, 2019, and pay the loan back on January 12, 2020.

If you borrow $ 18,500 at an annual interest rate of 7.5% on September 14, 2019, and pay the loan back on January 12, 2020. What are the proceeds of the loan using the bankers rule at the approximate time?

18,004.83

18,045.20

17,069.79

18,956.16

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