A demand loan for $8,000 with interest at 16% compounded quarterly was repaid after two years and

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A demand loan for $8,000 with interest at 16% compounded quarterly was repaid after two years and eight months. What was the amount of interest paid?

Posted Date: May 17, 2024 04:08 PM

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A demand loan for $8,000 with interest at 16% compounded quarterly was repaid after two years and

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