Karen borrows $3700 on March 5, 2010 to be repaid with interest on June 27,...
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Accounting
Karen borrows $3700 on March 5, 2010 to be repaid with interest on June 27, 2010. Using Banker's Rule, find the amount due on June 27, 2010 if... a)...a 9.5% simple interest rate was used in the transaction. b)...a 9.5% bank discount rate was used in the transaction.
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