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Hector has taken out a loan totalling $ 1 3 , 0 0 0 for an app for his business. The loan will be repaid

Hector has taken out a loan totalling $13,000 for an app for his business. The loan will be repaid by making end of quarter payments of $405.71 for the next 10 years. If interest is 4.5% compounded monthly, find the balance on the loan at the end of the 5 th year? Enter your answer rounded to two decimal places.
Balance at the end of the 5 th year: $
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