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(1 point) A loan of $3000 is being repaid with quarterly payments at the end of each quarter for 12 years at 7.1 % convertible

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(1 point) A loan of $3000 is being repaid with quarterly payments at the end of each quarter for 12 years at 7.1 % convertible quarterly. Find the outstanding loan balance at the end of the fourth year. ANSWER - $

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