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Becky takes out a $14,000 loan at 3% interest compounded annually. It is repaid with monthly payments over 9 years. What is the amount of
Becky takes out a $14,000 loan at 3% interest compounded annually. It is repaid with monthly payments over 9 years. What is the amount of the final payment? For full marks your answer should be rounded to the nearest cent.
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