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What are the interest cost and the total amount due on a six-month loan of $1,600 at 11.8 percent simple annual interest? (Do not round

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What are the interest cost and the total amount due on a six-month loan of $1,600 at 11.8 percent simple annual interest? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Six-Month Loan Interest cost Total amount due

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