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July 1 9 Jennifer Rick went to Park Bank to borrow $ 5 , 8 0 0 at 1 2 % interest. Jennifer plans to

July 19 Jennifer Rick went to Park Bank to borrow $5,800 at 12% interest. Jennifer plans to repay the loan on March 27. Steven Linden met Jennifer Rick at Park Bank and suggested she consider the loan on exact interest. Calculate the loan payoff for Jennifer under this assumption.

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