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A demand loan for $7999.61 with interest at 4.2% compounded monthly is repaid after 9 years, 4 months. What is the amount of interest paid?

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A demand loan for $7999.61 with interest at 4.2% compounded monthly is repaid after 9 years, 4 months. What is the amount of interest paid? E 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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