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Clay Harden borrowed $26,000 from a bank at an interest rate of 10% compounded monthly The loan will be repaid in 48 equal monthly installments

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Clay Harden borrowed $26,000 from a bank at an interest rate of 10% compounded monthly The loan will be repaid in 48 equal monthly installments over four years Immediately after his 25th payment. Clay desires to pay the remainder of the loan in a single payment Compute the total amount he must pay The total amount Clay must pay immediately after his 25th payment will be (Round to the nearest dollar)

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