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Aida borrowed money from Charla and agreed to pay back $500 today and $500 in 6 years. If Aida has a lot of money available

Aida borrowed money from Charla and agreed to pay back $500 today and $500 in 6 years. If Aida has a lot of money available now and wants to pay back the loan today, how much money would she have to pay Charla if the loan was at 8% compounded quarterly? For full marks your answer(s) should be rounded to the nearest cent.

Full payment amount = $0.00

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