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(2 points) (Exercise 5,3) A loan is being repaid by quarterly installments of 2000 at the end of each quarter at 13% convertible quarterly. If

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(2 points) (Exercise 5,3) A loan is being repaid by quarterly installments of 2000 at the end of each quarter at 13% convertible quarterly. If the loan balance at the end of the third year is $26987.61, find the original loan amount. ANSWERS

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