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A company received a loan of $48,000 from a bank that was charging interest at a rate of 3.81% compounded quarterly. a. Calculate the accumulated

A company received a loan of $48,000 from a bank that was charging interest at a rate of 3.81% compounded quarterly. a. Calculate the accumulated amount of this loan at the end of 10 years and 9 months. Round to the nearest cent b. Calculate the interest charged on this loan.

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