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Previous Problem Problem List Next Problem (1 point) What are the proceeds for a discounted loan for $100 repaid in 6 months at 15.25% annual
Previous Problem Problem List Next Problem (1 point) What are the proceeds for a discounted loan for $100 repaid in 6 months at 15.25% annual simple interest? Proceeds = $ Hint: HINT: Use the discounted loan formula R = L(1-rt) to find the proceeds
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