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Suppose you borrow $955 for a term of two years at simple interest and 5.42% APR. Determine the total principal plus interest you must pay

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Suppose you borrow $955 for a term of two years at simple interest and 5.42% APR. Determine the total principal plus interest you must pay back on the loan. The total (principal plus interest) you must pay back on the loan is (Round to the nearest cent as needed.)

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