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John borrowed $ 2 , 0 0 0 on May 2 3 r d at an annual simple interest rate of 4 , 5 %
John borrowed $ on May at an annual simple interest rate of The length of the loan was days. On July he made a partial payment of $
a Determine the maturity date of the loan.
b Determine the amount of interest paid and the new balance due on July
c Determine the amount of the final payment, including interest, on the maturity date of the loan.
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