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On September 14, Jennifer Rick went to Park Bank to borrow $2,400.00 at 7.75% interest. Jennifer plans to repay the loan on January 27. Assume

On September 14, Jennifer Rick went to Park Bank to borrow $2,400.00 at 7.75% interest. Jennifer plans to repay the loan on January 27. Assume the loan is on ordinary interest. (Use Days in a year table.)

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