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Lajos borrows $5,000 on April 7 at prime + 1%. The prime rate was initially 3%. It increased to 3.25% on May 23 and

Lajos borrows $5,000 on April 7 at prime + 1%. The prime rate was initially 3%. It increased to 3.25% on May 23 and to 3.50% on July 13. What was the amount required to repay the loan on August 2?

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