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A borrower had a loan of $50,000 at 4% compounded anually , with 7 annual payments . Suppose the borrower paid off the loan after

A borrower had a loan of $50,000 at 4% compounded anually , with 7 annual payments . Suppose the borrower paid off the loan after 4 years. calculate the amount needed to pay off the loan.
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The amount needed to pay off this loan after 4 years is $ (Round to the nearest cent as needed.)

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