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Falco Inc. financed the purchase of a machine with a loan at 4 . 5 8 % compounded quarterly. This loan will be settled by

Falco Inc. financed the purchase of a machine with a loan at 4.58% compounded quarterly. This loan will be settled by making payments of $9,400 at the end of every quarter for 7 years.
a. What was the principal balance of the loan?
$0.00
Round to the nearest cent
b. What was the total amount of interest charged?
$0.00

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