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Amelia has taken out a loan for server equipment for her business totaling $24,500. The loan will be repaid by making end of quarter payments

image text in transcribed Amelia has taken out a loan for server equipment for her business totaling $24,500. The loan will be repaid by making end of quarter payments of $660.30 for the next 12 years. If interest is 4.4% compounded monthly, find the balance on the loan at the end of the 2nd year? Enter a POSITIVE VALUE, rounded to two decimal places. Balance at the end of the 2 nd year: $

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