Edison Automotive Machining Company needs to borrow money to repair a broken milling machine. The company can borrow $80,00 . for 300 days at 7% exact simple interest. Compute the total amount that Edison will need to repay. (Use a 365-day year.)
$80,00 . × 0.07 × 300/365 = $4,602.74; $80,00 . + $4,602.74 = $84,602.74
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