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In 2008-2009 Bank of America received $45 billion in bailout money from the United States government. Assuming the money was a loan and B of

In 2008-2009 Bank of America received $45 billion in bailout money from the United States government. Assuming the money was a loan and B of A is expected to repay the loan in 10 years, how much interest would accrue if the loan were financed at a nominal rate of 2% compounded quarterly?

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