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Can you please help? College of the North Atlantic borrowed $32,000 at 8% compounded quarterly to purchase new photocopiers. Payments of $1,600 are made every

Can you please help?

College of the North Atlantic borrowed $32,000 at 8% compounded quarterly to purchase new photocopiers. Payments of $1,600 are made every 3 months.

a) Calculate the balance after the fifteenth payment

b) Calculate the final payment

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