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Margo borrows $1600, agreeing to pay it back with 7% annual interest after 16 months. How much interest will she pay?
Round your answer to the nearest cent, if necessary.
$
Round your answer to the nearest cent, if necessary.
$
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity