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Question - Billy Thornton borrowed $235,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Billy have to pay in a 30-day month?
a. $1,419.79
b. $1,422.39
c. $1,418.49
d. $1,421.09
e. $1,417.19
mitchell s softball gloves company estimated the following at the beginning of the year assembly department testing
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