[Solved] Tara received a $ 2 9 , 6 5 0 loan from a

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Tara received a $ 2 9 , 6 5 0 loan from a bank that was charging interest at 4 . 5 0 % compounded

Tara received a $

29, 650

loan from a bank that was charging interest at

4.50 %

compounded semi

-

annually.

What was the amount of interest charged on the loan over the

4 -

year period?

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