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Karen borrows $4350 on March 5, 2015 to be repaid with interest on June 27, 2015. Using Banker's Rule, find the amount due on June
Karen borrows $4350 on March 5, 2015 to be repaid with interest on June 27, 2015. Using Banker's Rule, find the amount due on June 27, 2015 if... a)...a 14.25% simple interest rate was used in the transaction. b)...a 14.25% bank discount rate was used in the transaction.
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