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An online lending company is offering simple interest personal loans based on consumer credit scores. With your credit score, you can borrow [tex][tex]$2200 for 5 years at an
interest rate of 11.55 %. How much money will you pay the lending company at the end of 5 years? Round your answer to the nearest cent, if necessary.
Answer
$[/tex][/tex]3473.50
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