Thornton borrowed $250,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Billy have to pay in a 30-day month? Select the correct answer.   a. $1,507.82     b. $1,513.02     c. $1,509.12     d. $1,511.72     e. $1,510.42

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