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A loan of $25,000 is to be repaid with quarterly payments of $1500 for 3 years (12 payments) followed by quarterly payments of $1000 for

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A loan of $25,000 is to be repaid with quarterly payments of $1500 for 3 years (12 payments) followed by quarterly payments of $1000 for as long as is needed. If the interest rate on the loan is j4 = 10%, what is the outstanding balance after 13 payments? You are given: 5120.025 = 13.79555 O A. $12.252.12 OB. $12,769.45 OC. $15,462.78 OD. $11,928.89

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