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Tomasz purchased a new heating and air-conditioning system for his home and financed $9,100 at an annual interest rate of 2.8% compounded monthly for 3
Tomasz purchased a new heating and air-conditioning system for his home and financed $9,100 at an annual interest rate of 2.8% compounded monthly for 3 years. How much interest (in dollars) will Tomasz pay over the term of the loan? (Enter a number. Round your answer to the nearest cent.)
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