Question: i really need help with this problem Suppose you take out a margin loan for $70,000. You pay an effective rate of 6.3 percent. If

i really need help with this problem

Suppose you take out a margin loan for $70,000. You pay an effective rate of 6.3 percent. If you repay the loan in two months, how much interest will you pay? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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