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Suppose you borrowed $1,398 from your brother and you'll have to payback the money along...

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Accounting

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Suppose you borrowed $1,398 from your brother and you'll have to payback the money along with interest in 7 years. If your brother charges you 4% interest per month, using simple interest method, how much would you have to payback at the end of 7 years? (Round your answer to two decimal points)

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