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Pace Co . borrowed $ 1 9 , 0 0 0 at a rate of 6 . 5 0 % , simple interest, with interest

Pace Co. borrowed $19,000 at a rate of 6.50%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Pace have to pay in a 30-day month? a. $102.92b. $308.75c. $411.67d. $617.50e. $205.83

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