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A demand loan for $6066.51 with interest at 9.7% compounded quarterly is repaid after 9 years, 8 months. What is the amount of interest paid?
A demand loan for $6066.51 with interest at 9.7% compounded quarterly is repaid after 9 years, 8 months. What is the amount of interest paid? The amount of interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Essentials Of Health Care Finance
Authors: William O. Cleverley, James O. Cleverley, Paula H. Song
7th Edition
0763789291, 978-0763789299
