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Posted on Aug 05, 2024

A demand loan for $ 9 2 0 0 . 6 7 with interest at 7 . 7 % compounded is repaid after 5 years

A demand loan for

9200.67

with interest at

7.7 %

compounded is repaid after

5

years

, 7

months. What is the amount of interest

paid?

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