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Business, 01.08.2020 03:01 impura12713

A person borrows $100,000 from the bank for 6 months at an annual simple interest rate of 5%, what steps do you take to determine how much principal and interest are due at the end of the 6 months to determine how much he/she needs to pay to the bank? Please describe how you would solve.

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A person borrows $100,000 from the bank for 6 months at an annual simple interest rate of 5%, what s...
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