Question: A demand loan for $10,807.73 with interest at 9.1% compounded annually is repaid after 6 years, 5 months. What is the amount of interest paid?

A demand loan for $10,807.73 with interest at 9.1% compounded annually is repaid after 6 years, 5 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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