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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 $ for an app for his business. The loan will be repaid by making end of quarter payments of $ for the next years. If interest is compounded monthly, find the balance on the loan at the end of the th year? Enter your answer rounded to two decimal places.
Balance at the end of the th year: $
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