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Mathematics, 10.12.2020 14:00 christyr2002

1. You have a chance to lend $6,500 at 5.25% interest for 95 days a. If you charge only ordinary interest, how much will you earn?
b. If you charge exact interest, how much will you earn?
C. If you were borrowing the money, would you prefer to pay ordinary
interest or exact interest? Why?|

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