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Falco Inc. financed the purchase of a machine with a loan at 3 . 6 3 % compounded quarterly. This loan will be settled by

Falco Inc. financed the purchase of a machine with a loan at 3.63% compounded quarterly. This loan will be settled by making payments of $7,800 at the end of every quarter for 6 years.
a. What was the principal balance of the loan?
Round to the nearest cent
b. What was the total amount of interest charged?
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