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Anna had a loan of $56,000 and made payments of $2,750 at the end of every three months to settle it. If she received the
Anna had a loan of $56,000 and made payments of $2,750 at the end of every three months to settle it. If she received the loan at 3.52% compounded quarterly, what was the balance of the loan at the end of one year?
$49,168.64
$46,851.32
$57,997.37
$44,513.61
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