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Suppose that sarahand halley each borrow the same amount of money at the same time. sarah loan is a simple interest loan whose annual rate

Suppose that sarahand halley each borrow the same amount of money at the same time.

  • sarah loan is a simple interest loan whose annual rate is 8.9%.

Halley loan is a simple discount loan whose annual rate is 6.3%.

How manymonthsmust elapse in order for their maturity values to be the same?

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