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A person borrows $550.00 with interest at 12.5% compounded quarterly for 4 years 7 months. If...

A person borrows $550.00 with interest at 12.5% compounded quarterly for 4 years 7 months. If simple interest is used for part of an interest conversion period, how much is required to pay off the debt at the end of 4 years 7 months? $

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