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Andrew Merrill, Owns a Mobile Sandwich and Pretzel Stand

Question 22

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Andrew Merrill, owns a mobile sandwich and pretzel stand. Andrew borrows $5,200 for 135 days at 9% ordinary simple interest. What total will Andrew need to repay for both interest and principal? (Use a 360-day year.)

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$5,200 × 0.09 × 135/...

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