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Chance has taken out a loan for server equipment for his business totaling $18,000. The loan will be repaid by making end of quarter payments

Chance has taken out a loan for server equipment for his business totaling $18,000. The loan will be repaid by making end of quarter payments of $561.75 for the next 10 years. If interest is 4.5% compounded monthly, find the balance on the loan at the end of the 1st year? Enter a POSITIVE VALUE, rounded to two decimal places. Balance at the end of the 1st year: $

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