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Jason borrows $ 16000 for the next 4 years at a variable interest rate. Assume that the interest accumulates for 4 years at an annual

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Jason borrows $ 16000 for the next 4 years at a variable interest rate. Assume that the interest accumulates for 4 years at an annual nominal rate of 11% compounded quarterly. Calculate the outstanding loan balance that Jason will have to settle if he makes no prior payment until the end of the 4 years. a 25684.00 O b. 68967.06 O c. 26073.12 O d. 24696.15 O e 23955.27

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