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A loan of $18,000 is to be amortized with quarterly payments of 700, paid at the end of each quarter. The final payment will be

A loan of $18,000 is to be amortized with quarterly payments of 700, paid at the end of each quarter. The final payment will be some amount less than the quarterly payment. The nominal rate of interest compounded quarterly is 6%. Round your answers to two decimal places. How much interest was paid during the first 6 years?

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