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Posted on Sep 20, 2024

A loan of $ 3 8 4 , 0 0 0 at 5 . 0 2 % compounded quarterly was to be settled with month

A loan of $

384, 000

5.02 %

compounded quarterly was to be settled with month

-

end payments of $

8, 750 .

What will be the balance on the loan at the end of year

3 ?

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