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Owen expects to receive $28,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of

Owen expects to receive $28,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 7.2%, how much money can he borrow from the bank on the basis of this information? A. $2,016 B. $13,060 C. $30,016 D. $26,119

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