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The Tomac Swim Club arranged​ short-term financing of $14000 on July 9 with the Bank of...

The Tomac Swim Club arranged​ short-term financing of $14000 on July 9 with the Bank of Commerce and secured the loan with a demand note. The club repaid the loan by payments of ​$ 6800 on September ​13, ​$3100 on November 26​, and the balance on December 30.​ Interest, calculated on the daily balance and charged to the​ club's current account on the last day of each​ month, was at 10​% per annum on July 9. The rate was changed to ​10.5% effective September 1 and to 11.5​% effective December 1. How much interest was paid on the​ loan

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