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Peter borrowed money 24 months ago at 8% compounded quarterly. He now owes a total of $6000. How much of this is interest? Select one:

Peter borrowed money 24 months ago at 8% compounded quarterly. He now owes a total of $6000. How much of this is interest? Select one: a. 1253 O b. 879 O C. 982.63 @d. 827 O e. 903

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