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Raul Fletes borrowed $ 8,000 on a 120 -day note that required ordinary interest at 10.99 %. Raul paid $ 4,000 on the note on
Raul Fletes borrowed $8,000 on a
120-day note that required ordinary interest at
10.99%. Raul paid $4,000 on the note on the
100th day. How much interest did he save by making the partial payment? Round to the nearest cent.
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