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Jaye Jones works for the Bank of Montreal. The bank provides loans to its employees at an annual interest rate of 3%. On Apri

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Answer #1

36000*4%*3/12=360

36000*5%*5/12=450

36000*4%*3/12=36

Total =1170

Interest collected

36000*3%*9/12=810

Taxable is 360

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