Find What is the amount of interest paid

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Problem 1: A demand loan for $6703.63 with interest at 6.1% compounded semi-annually is repaid after 2 years, 11 months. What is the amount of interest paid?

Reference no: EM132752293

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Find What is the amount of interest paid : Find What is the amount of interest paid? A demand loan for $6703.63 with interest at 6.1% compounded semi-annually is repaid after 2 years, 11 months
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