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Pace Co. borrowed $10,000 at a rate of 7.50%, simple interest, with interest paid at the end of each month. The bank uses a 360-day

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Pace Co. borrowed $10,000 at a rate of 7.50%, simple interest, with interest paid at the end of each month. The bank uses a 360-day ycar. How much interest would Pace have to pay in a 30-day month? a $62.50 b. 873.10 O $47.13 C Od $50.15 e. 560.42

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