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Suppose you borrowed $814 from your local bank for 10 months. I the bank asks you to pay 8% APR interest, using simple interest method,
Suppose you borrowed $814 from your local bank for 10 months. I the bank asks you to pay 8% APR interest, using simple interest method, how much interest will you have to pay at the end of 10 months? (Round your answer to two decimal points)
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