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Suppose you borrow $ 4 7 5 for one year and pay a finance charge of $ 3 2 . If you repay this loan

Suppose you borrow $475 for one year and pay a finance charge of $32. If you repay this loan all at once after one year, what is your average balance?
Multiple Choice
$507
$475
$237.5
$32
$253.5
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