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  3. miguel rodriguez borrowed $400 from his brother ju

Miguel Rodriguez borrowed $400 from his brother Julio to pay for books and tuition. He...

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Miguel Rodriguez borrowed $400 from his brother Julio to pay for books and tuition. He agreed to pay Julio in 6 months with simple annual interest at 6.4%a) How much will the interest amount to?b) What amount must Miguel pay Julio at the end of 6 months?

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