Question: A demand loan for $3855.57 with interest at 9.1% compounded semi-annually is repaid after 4 years, 10 months. What is the amount of interest

A demand loan for $3855.57 with interest at 9.1% compounded semi-annually is

A demand loan for $3855.57 with interest at 9.1% compounded semi-annually is repaid after 4 years, 10 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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