Question: A demand loan for $ 7 8 1 2 . 1 9 with interest at 7 . 9 or compounded annually is repaid after 5

A demand loan for $7812.19 with interest at 7.9 or compounded annually is repaid after 5 years, 8 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.)
A demand loan for $7812.19 with interest at 7.9 or compounded

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