Question: You are about to make the fourth and final payment on a $1,000 loan that required annual payments and a 10% interest rate. The payment

You are about to make the fourth and final payment on a $1,000 loan that required annual payments and a 10% interest rate. The payment amount is $315.47. Rounded to dollars and cents, how much of this final payment is interest?

Multiple Choice

$28.68
$38.74
$34.23
$44.20
None of the above

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