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On July 1, 2009 you borrowed $13,000 at 7.8% interest compounded semiannually. What amount will...

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Finance

On July 1, 2009 you borrowed $13,000 at 7.8% interest compounded semiannually. What amount will settle the debt on March 20, 2012? Assume that simple interest is paid for part of a period. Use the Bankers rule when computing simple interest.

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