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A loan of $ 75,000 has been taken out. It must be repaid in 16 installments at the end of the quarter. The interest rate

A loan of $ 75,000 has been taken out. It must be repaid in 16 installments at the end of the quarter. The interest rate is 6%, capitalized quarterly. The first 15 installments were each set at $ 5,300. The last payment, which will be a different amount, will be equal to:
A. $ 5,352.07
B. $ 4,280.87
C. $ 5,432.36
D. $ 5,167.64
E. $ 5,307.38

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