(Solved): A demand loan for $4775.32 with interest at 9.6% compounded monthly is repaid after 8 years, 8 mon ...

A demand loan for $4775.32 with interest at 9.6% compounded monthly is repaid after 8 years, 8 months. What is the amount of interest paid? The amount of interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) A debt of $7790.21 is repaid by payments of $1783.32 in 6 months, $1059.87 in 16 months, and a final payment in 22 months. If interest was 6% compounded quarterly, what was the amount of the final payment? G The final payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)