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Posted: December 6th, 2023

Kaplan University-A&S AC113-06AU-Linda agree to lend money to Alex at special interest

Linda agree to lend money to Alex at special interest rate of 8% per year , on condition that he borrow enough that he would pay her 700 in interest over a period of 4 years . What was the minimum amount Alex could borrow. Round to the nearest cent as needed

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