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This company borrows $170,000 the first month of the quarter at an interest rate of 1%, and $10000 the second month of the quarter. It

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This company borrows $170,000 the first month of the quarter at an interest rate of 1%, and $10000 the second month of the quarter. It pays the full amount borrowed at the end of the quarter. The interest is not compounded.

What is the total interest paid?

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