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A loan of $20,000 is to be amortized with quarterly payments of 500, paid at the end of each quarter. The final payment will be

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A loan of $20,000 is to be amortized with quarterly payments of 500, 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. (A) What is the outstanding balance after the tenth year? 9145.7366 x (B) How much interest was paid during the first 10 years

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