Question: A Loan Is To Be Repaid Over 30 Years, With Month-end Repayments Of 8,000. If The Interest Rate Is 6.7% Pa. Compounded Monthly Calculate The Interest Paid For Year 10. Correct Your Answer To The Nearest Cent Without Any Units. (Do Not Use “S” Or “,”in Your Answer. E.g. 12345.67)

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A loan is to be repaid over 30 years, with month-end repayments of 8,000. If the interest rate is 6.7% pa. compounded monthly Calculate the interest paid for year 10. Correct your answer to the nearest cent without any units. (Do not use “S” or “,”in your answer. e.g. 12345.67)