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q12 burak needs some money today and one of his friends accepts to loan the money he needs, ig burak makes payments of 60 dollar

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burak needs some money today and one of his friends accepts to loan the money he needs, ig burak makes payments of 60 dollar a month for the next eight months. the firs payment has to be paid today. If the interest rate is 1 percent per month how much burak is going to borrow from his friend today

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