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You borrowed $12,000 at 3.5% SIMPLE . You repay the loan with a interest of $630.How many MONTHS ago did you borrow the money? a)

You borrowed $12,000 at 3.5%SIMPLE. You repay the loan with a interest of $630.How many MONTHS ago did you borrow the money?

15 months

14.5 months

21 months

16 months

18 months

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