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4 On October 1,2016 Miss Jessica Tyson acquires a newly issued debt instalment with maturity value of $ 80000. It matures on September $5,2021 with

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4 On October 1,2016 Miss Jessica Tyson acquires a newly issued debt instalment with maturity value of $ 80000. It matures on September $5,2021 with interest rate of 7%. Payments for the first two years and a quarter is due January $5,2019 and the remaining is due on the due date. What amount of interest will be included from 2016 to 2021 ( 7marks)

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