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Posted on Oct 19, 2024

On March 2 , 2 0 2 0 , Bob borrows $ 3 6 0 0 . 0 0 with 1 8 . 2 5

On March

2, 2020,

Bob borrows $

3600.00

with

18.25 %

compounded monthly. If simple interest is used for part of an interest conversion period, how much is required to settle the debt on July

19, 2026 ?

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