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Find the interest that will be owed after 76 days

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Reference no: EM132464724

Juan obtains a loan for home renovations from a bank that charges simple interest at an annual rate of 9.65%. His loan is for 17,100 for 76 days. Assume each day is 1/365 of a year.

  1. Find the interest that will be owed after 76 days.
  2. Assuming Juan doesn't make any payments, find the amount owed after 76 days.

Reference no: EM132464724

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