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Your brother borrowed $1,500 from you to purchase a used grand piano. He agreed to repay the loan, with 1.5% interest compounding annually, in four

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Your brother borrowed $1,500 from you to purchase a used grand piano. He agreed to repay the loan, with 1.5% interest compounding annually, in four quarterly payments of $378.50. Calculate the total interest paid on the first payment. Do not show your work. Enter your final answer rounded to 2 decimals. A

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