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Suppose you take out a margin loan for $80,000. You pay a 6.7 percent effective rate. If you repay the loan in three months, how

Suppose you take out a margin loan for $80,000. You pay a 6.7 percent effective rate. If you repay the loan in three months, how much interest will you pay? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Interest $

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