Margo borrows $400, agreeing to pay it back with 8% annual interest after 17 months. How much interest will she pay?

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter27: Time Value Of Money (compound)
Section: Chapter Questions
Problem 5E
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Margo borrows $400, agreeing to pay it back with 8% annual interest after 17 months. How much interest will she pay? 

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