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Isaac s friend Lorna is opening a vegan restaurant. Because her business is new and risky, she is unable to obtain a loan from the

Isaacs friend Lorna is opening a vegan restaurant. Because her business is new and risky, she is unable to obtain a loan from the local bank. Isaac agrees to pay $9,500.00 for a 1-year bond from Michelle with an interest rate of 7%. The amount due at repayment is
$9,700.
$10,165.
$10,200.
$10,700.

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