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Suppose you take out a margin loan for $95,000. You pay an effective rate of 7.0 percent. If you repay the loan in two months,
Suppose you take out a margin loan for $95,000. You pay an effective rate of 7.0 percent. If you repay the loan in two months, how much interest will you pay? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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