Question: Wang, Inc. borrowed $ 1 , 0 0 0 from Second National Bank on January 1 , 2 0 1 0 . The loan is

Wang, Inc. borrowed $1,000 from Second National Bank on January 1,2010. The loan is to be repaid on July 1,2010, along with interest at 8% per year. How much interest should be paid on July 1?

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