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Question: in order to help finance the purchase of a new...

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In order to help finance the purchase of a new house, the Abdullahs have decided to apply for a short-term loan (a bridge loan) in the amount of $180,000 for a term of 2 mo. If the bank charges simple interest at the rate of 13%/year, how much will the Abdullahs owe the bank at the end of the term?

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