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5 pts Patty wants to pay off a medical bill. He took out a loan for $1.250 with his credit union, at 6.25% interest,

5 pts Patty wants to pay off a medical bill. He took out a loan for $1.250 with his credit union, at 6.25% interest, for 2.5 years. What is the amount of interest on Patty's loan? (Round to the nearest cent)

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