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4. Michelle received $6500 as a personal loan to be paid off in 3 years, but she has already made two payments: S1500 in a

4. Michelle received $6500 as a personal loan to be paid off in 3 years, but she has already made two payments: S1500 in a year, and S2250 in 2 years. How much is left to be paid at the end of her term, if the interest on the loan is 12 % compounded quarterly? Draw a timeline to illustrate your solution

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