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Charles Clothing Company Needs to Borrow Money to Repair Its

Question 54

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Charles Clothing Company needs to borrow money to repair its broken sewing machines. It can borrow $90,000 for 270 days at 8% exact simple interest. Compute the total amount that Charles will need to repay. (Use a 365-day year.)

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$90,000 × 0.08 × 270...

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