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A $20,000 loan is to be amortized for 10 years with quarterly payments of $731.11. If the interest rate is 8%, compounded quarterly, what is

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A $20,000 loan is to be amortized for 10 years with quarterly payments of $731.11. If the interest rate is 8%, compounded quarterly, what is the unpaid balance immediately after the sixth payment? (Round your answer to the nearest cent.) Need Help? Read It Watch Talk to a Tutor

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