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Linda Davis agreed to lend money to Alex Luciano at a special interest rate of 3 3 % peryear, on the condition that he borrow

Linda Davis agreed to lend money to Alex Luciano at a special interest rate of 3

3% peryear, on the condition that he borrow enough that he would pay her $550

550 in interest over a period of 5

5 years

s. What was the minimum amount Alex couldborrow?

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