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The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rater. P = 59000.00,

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The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rater. P = 59000.00, A = $10620.00, t = 2 years % (Round to the nearest tenth of a percent as needed.)

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