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Automotive Excellence Inc. borrowed $ 1 6 , 0 0 0 . 0 0 on May 1 1 with an interest rate of 4 .
Automotive Excellence Inc. borrowed $ on May with an interest rate of per annum. On July $ was repaid, and on August $ was repaid. Automotive Excellence paid the balance of the loan on October What was the final payment?
The final payment was $
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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