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Max wants to borrow $50,000.00 to move his vitamin store to a better location. However, his credit history is poor. His bank will lend him
Max wants to borrow $50,000.00 to move his vitamin store to a better location. However, his credit history is poor. His bank will lend him only $37,000.00 and then only at a high ordinary simple interest rate of 12%. If Max cannot pay more than $3,500.00 in interest, find the longest period of time the money may be borrowed. Round your answer to the nearest day
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