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4. A loan is paid off in monthly payments of $625 for one year starting on January 1, 2022. The debtor is unable to make

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4. A loan is paid off in monthly payments of $625 for one year starting on January 1, 2022. The debtor is unable to make the first few payments and the lender insists the loan is paid in full on March 1, 2022. What is the amount needed to settle on March 1, 2022 if interest is compounded monthly at 7%

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