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Jessie has borrowed $40,000 from Tina and will repay the amount in 6 months. Tina is charging an interest rate of 8% per annum

Jessie has borrowed $40,000 from Tina and will repay the amount in 6 months. Tina is charging an interest rate of 8% per annum and has specified that simple interest will be used. What is the total amount payable at the end of the term?

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