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Devon Gillies is a college student who is working as a laborer for a landscape...

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Accounting

Devon Gillies is a college student who is working as a laborer for a landscape company during the summer. Before the first paycheck, the owner loaned Devon $1,000 for 30 days at 5% ordinary simple interest.

Compute the total amount that Devon will need to repay the owner when he gets paid after 30 days. (Use a 360-day year.) Round your answer to two decimal places. $

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