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A bank quotes the interest rate on loans as 5% per annum continuously compounded. The interest is paid quarterly on a $8354 loan. What is

A bank quotes the interest rate on loans as 5% per annum continuously compounded. The interest is paid quarterly on a $8354 loan. What is the interest payment (in $) of this loan per quarter? Select the most suitable answer.

98.98

62.89

34.88

420.32

105.08

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