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2. Automotive Excellence Inc. borrowed $20 000 on August 12 with an interest rate of 6.75% per annum. On November 1, $7500 was repaid, and

2. Automotive Excellence Inc. borrowed $20 000 on August 12 with an interest rate of 6.75% per annum. On November 1, $7500 was repaid, and on December 15, $9000 was repaid. Automotive Excellence paid the balance of the loan on February 20. What was the final payment

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