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Raul Fletes borrowed $10,000 on a 270 day note that required ordinary interest at 12.27%. Raul paid $5,000 on the note on the 45th day.

Raul Fletes borrowed $10,000 on a 270 day note that required ordinary interest at 12.27%. Raul paid $5,000 on the note on the 45th day. How much interest did he save by making the partial payment?

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