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Suppose you take out a margin loan for $76,000. You pay an effective rate of 6.9 percent. If you repay the loan in 60 days,

Suppose you take out a margin loan for $76,000. You pay an effective rate of 6.9 percent. If you repay the loan in 60 days, how much interest will you pay? Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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