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Suppose you borrow $1400 from a friend to use as a down payment on a car, with the agreement to pay it back in
Suppose you borrow $1400 from a friend to use as a down payment on a car, with the agreement to pay it back in 1 month with a simple interest rate of 10.5% APR. How much will you have to repay in 1 month? Round your answer to the nearest cent. Don't use $ sign. Answer:
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
