Question: A demand loan for $10,119.22 with interest at 8.8% compounded semi-annually is repaid after 7 years, 2 months What is the amount of interest paid?

A demand loan for $10,119.22 with interest at 8.8% compounded semi-annually is repaid after 7 years, 2 months What is the amount of interest paid? The amount of interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)

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