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Georgia Agrees to Lend Money to Matt at a Special

Question 84

Multiple Choice

Georgia agrees to lend money to Matt at a special interest rate of 9.9% per year, on the condition that he borrow enough that he would pay her $573 in interest over a 9 month period. What was the minimum amount Matt could borrow?


A) $8681.82
B) $7652.86
C) $6945.45
D) $7717.17

Correct Answer:

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