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You are borrowing money to buy a Playstation and TV . The loan is repaid with $ 3 2 0 0 p; the end of

You are borrowing money to buy a Playstation and TV

.

The loan is repaid with $

3200

p; the end of every six months for four years and the interest rate is

6.5 %

compoundec annually. How much interest have you paid on the loan?

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