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Aslam borrowed $23,000 from Meridian Credit Union at 4% per year and agreed to repay the loan in monthly instalments of $3,000 each, such payments

Aslam borrowed $23,000 from Meridian Credit Union at 4% per year and agreed to repay the loan in monthly instalments of $3,000 each, such payments to cover interest due and repayment of principal. Please calculate the total interest paid after three months.

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