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Owen expects to receive $22,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of

Owen expects to receive $22,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 7.8% how much money can he borrow from the bank on the basis of this information? O A $20.408 OB $10.204 OC. $1,716 OD $23.716

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