Question: A demand loan for $10,084.95 with interest at 9.5% compounded semi-annually is repaid after 5 years, 5 months. What is the amount of interestpaid? The

A demand loan for $10,084.95 with interest at 9.5% compounded semi-annually is repaid after 5 years, 5 months. What is the amount of interestpaid?

The amount of interest is

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)

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