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JohnCena494 JohnCena494
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4 months ago

John borrowed $2,000 at a rate of 6.2% from the bank. The date of the loan was April 3rd. John repaid the loan on July3rd. Assuming the loan is based on exact interest, how much does John owe on July 3rd?



$31.34



$30.92



$2,030.92



$2,031.34



None of these

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
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mamaputmamaput
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JohnCena494 Author
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Thanks
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Thank you, thank you, thank you!
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this is exactly what I needed
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