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Find the exact interest on a loan of $ 4,000 at 8 % annually for 60 days. (Round to the nearest cent as needed.)

User Phtrivier
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Answer:

Explanation:

4000 x 8% = 320 annually

since you are asking for only 60 days

320 x 60/365 = &52.6

User Seyeong Jeong
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