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Peter borrowed $4,000 on January 2nd. The simple interest rate charged on his loan was initially 6.75% and increased to 7.00% on January 15th. His

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Peter borrowed $4,000 on January 2nd. The simple interest rate charged on his loan was initially 6.75% and increased to 7.00% on January 15th. His bank charges interest at the end of each month. Calculate the missing values from the table below. Time Period # Days Interest Rate Interest Amount Jan 2 - Jan 15 13 6.75% A Jan 15 - Jan 31 16 7.00% B Total Interest Due: Place the value for A in the first box, B in the second and C in the third. Round your answers to 2 decimal places. A AM A

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