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Your roommate who is taking V186 with you asks to borrow $1200 to replace his/her tires. Since your roommate understands the time value of money

Your roommate who is taking V186 with you asks to borrow $1200 to replace his/her tires. Since your roommate understands the time value of money they offer to give you 5% interest on the money they borrow. If they pay you back in 6 months, how much simple interest do you receive, how much money total do they give you back? Use Microsoft Excel to calculate your answer.

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