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  • 14-03-2024
  • Business
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Imagine you are discussing a loan with a lender. You want to borrow $15,000 for one year. The interest rate is 14%. You and the lender agree that the interest on the loan will be $2,100. What is the total amount you will need to repay at the end of the year?
a)$15,000
b)$17,100
c)$13,500
d)$16,200

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