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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

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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