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Posted on Jul 25, 2024

You borrow $ 6 5 0 from a payday loan office for 2 1 months. They charge you simple interest at a rate of 1

You borrow $

650

from a payday loan office for

21

months. They charge you simple interest at a rate of

15 %

per year. How much money do you owe the loan office?

(

Round your answer to the nearest cent.

)

You owe them $

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