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You take out a car loan of $26974 at a rate of 4.0% compounded annually and a term of 5 years with bimonthly payments. At

You take out a car loan of $26974 at a rate of 4.0% compounded annually and a term of 5 years with bimonthly payments.

At the end of the 2nd year, what is the total amount of interest paid on the loan?

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