Michelle opens a gaming shop in her small town. She takes out an ($ 8,500) loan to
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Michelle opens a gaming shop in her small town. She takes out an \(\$ 8,500\) loan to get started. The loan is at \(9.5 \%\) interest and has a term of 5 years. Michelle decides to make a partial payment of \(\$ 4,700\) after 3 years. What will Michelle pay when the loan is due?
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