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Skylar will be finishing her payments on her 20-year, $3,500 student loan and wants to know the amount of interest that she paid over the
Skylar will be finishing her payments on her 20-year, $3,500 student loan and wants to know the amount of interest that she paid over the course of the loan. The student loan has a 6.3% fixed interest rate that is compounded monthly. Calculate the total amount of interest Skylar paid, rounding to the nearest cent.
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