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Owen expects to receive $30,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of

Owen expects to receive $30,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 7 %, how much money can he borrow from the bank on the basis of this information?

A. $14,019

B. 2,100

C. $28, 037

D. 32,100

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