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Joe paid the $4,000 balance owing on his 2002 tax return on October 9, 2003 Q1 Q2 Q3 Q4 02 1 1 2 2 03

Joe paid the $4,000 balance owing on his 2002 tax return on October 9, 2003

Q1 Q2 Q3 Q4
02 1 1 2 2
03 2 3 3 2

What amount of interest would be owing as a result? Assume the following prescribed interest rates:

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