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# Klemson High-Tech Industries borrowed $65,000 for three years at 14% compounded semi-annually. How much interest will they pay on the loan when they

Klemson High-Tech Industries borrowed $65,000 for three years at 14% compounded semi-annually. How much interest will they pay on the loan when they pay it off at the end of the term of the loan? (Express your answer to the nearest cent.)

$32,547.52

$14,627.80

$9,100.00

$32,306.73

Loan amountInterestYearsPayoff amountInterest payment $65,00014%3$97,547.47$32,547.47