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Your friend would like to get $ 1 2 0 0 0 from you in 3 years if you borrow some money from her. She

Your friend would like to get $12000 from you in 3 years if you borrow some money from her. She is looking at a simple interest rate of 4%. How much should she lend you?
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$9,756
$10,234
$10,714
$11,564

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