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Annie's restaurant obtained an amortized loan with an initial principal of $12,000 and fixed semi-annual payments. The APR is 8 percent. What is the amount

Annie's restaurant obtained an amortized loan with an initial principal of $12,000 and fixed semi-annual payments. The APR is 8 percent. What is the amount of interest paid in the first 6 months?

480

1080

12,000

2000

960

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