Question: This test: 50 point(s) possible Question 10 of 15 Submit test This question: 4 point(s) possible A demand loan for $8438.16 with interest at 7.1%

This test: 50 point(s) possible Question 10 of 15 Submit test This question: 4 point(s) possible A demand loan for $8438.16 with interest at 7.1% compounded semi-annually is repaid after 3 years, 7 months. What is the amount of interest paid? The amount of interest is $ . (Round the nal answer to the nearest cent as needed. Round a|| intermediate values to six decimal places as needed.)

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