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A loan of $295,000 at 3.12% compounded quarterly was to be settled with month-end payments of $9,000. What will be the balance on the loan

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A loan of $295,000 at 3.12% compounded quarterly was to be settled with month-end payments of $9,000. What will be the balance on the loan at the end of year 2 ? Round to the nearest cent

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