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Owen expects to receive $23,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of

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Owen expects to receive $23,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 7.5%, how much money can he borrow from the bank on the basis of this information? O A. $1,725 OB. $24.725 OC. $21,395 D. $10.698 Click to select your answer. ? Type here to search 10

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