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A loan to be repaid with quarterly installments over 7 years at 0.07 per annum convertible quarterly. Given the outstanding balance after 4 years, B_4

A loan to be repaid with quarterly installments over 7 years at 0.07 per annum convertible quarterly.

Given the outstanding balance after 4 years, B_4 is 1,531.15, find B_2.

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