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Ali takes out a loan for his college tuition from a bank that charges simple...

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Algebra

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Ali takes out a loan for his college tuition from a bank that charges simple interest at an annual rate of 5.35%. His loan is for $9100 for 8 months. Assume112each month is of a year. Answer each part below.Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas.

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