(10 points) A bank offers you a loan of

$10,000

at

7.284%

interest compounded quarterly, which you will repay by making quarterly payments of

$935.23

for 3 years.\ (a) What is the remaining balance on the loan after 1 year? Round your final answer to 2 decimal places.

17. (10 points) A bank offers you a loan of $10,000 at 7.284% interest compounded quarterly, which you will repay by making quarterly payments of $935.23 for 3 years. (a) What is the remaining balance on the loan after 1 year? Round your final answer to 2 decimal places. 17. (10 points) A bank offers you a loan of $10,000 at 7.284% interest compounded quarterly, which you will repay by making quarterly payments of $935.23 for 3 years. (a) What is the remaining balance on the loan after 1 year? Round your final answer to 2 decimal places