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I need the working out with explanation please! 4. If you borrow a $10000 loan from a bank that charges interest rate 7.95% compounded continuously,

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I need the working out with explanation please!

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4. If you borrow a $10000 loan from a bank that charges interest rate 7.95% compounded continuously, which of the following quarterly payments is correct to pay off the loan in 6 years period? $972 B. $529 C. $540 D. $416.60 E. None of the above Answer: B

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