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You are taking out a $30,000 loan. The interest rate on the loan is 10% and you will make annual payments for the next 8

You are taking out a $30,000 loan. The interest rate on the loan is 10% and you will make annual payments for the next 8 years. What's the total interest you will have paid to the lender in dollars by the end of the loan's term? Round to the nearest dollar

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