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Saturn Corporation Borrowed $412,000 At 1212%12 \frac { 1 } { 2 } \%

Question 91

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Saturn Corporation borrowed $412,000 at 1212%12 \frac { 1 } { 2 } \% interest on May 20 for 72 days. The bank uses the exact interest method. What is the amount of interest on the loan? (Round to the nearest cent)

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