Mathematics, 15.05.2021 03:10 keshho

Tony Jones borrowed $3,500 from Mountain Bank at a rate of 9%. The date of the loan was October 10. Tony hoped to repay the loan by February Assume the loan is based on ordinary interest. What will the interest cost be? How much will Tony repay on February 10? What would the payback be if exact interest was used?

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Tony Jones borrowed $3,500 from Mountain Bank at a rate of 9%. The date of the loan was October 10....