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Show all yourwork! 1) A bank borrows $1,000,000 for 1 month at a simple interest rate of 9% per annum. How much the bank will

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Show all yourwork! 1) A bank borrows $1,000,000 for 1 month at a simple interest rate of 9% per annum. How much the bank will pay back at the end of 1 month? 2) John borrows $9,000 for 4 months. If the person he is borrowing from offers a discounted loan at 7.5%, how much must he repay at the end of 4 months

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