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Campus Flights takes out a bank loan in the amount of $ 2 8 0 , 1 7 6 on March 1 . The terms
Campus Flights takes out a bank loan in the amount of $ on March The terms of the loan include a repayment of principal in equal installments, paid annually from March The annual interest rate on the loan is recognized at the end of the equal installments.
Compute the interest recognized in year rounded to the whole dollar.
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