Question: A demand loan for $8319.16 with interest at 7.5% compounded semi-annually is repaid after 6 years, 10 months. What is the amount of interest paid?

A demand loan for

$8319.16

with interest at

7.5%

compounded

semi-annually

is repaid after

6

years,

10

months. What is the amount of interest paid?

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