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Jason borrows $6900 for the next 4 years at a variable interest rate. Assume that the interest accumulates for 4 years at an annual nominal

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Jason borrows $6900 for the next 4 years at a variable interest rate. Assume that the interest accumulates for 4 years at an annual nominal rate of 6% compounded quarterly. Calculate the outstanding Ioan balance that Jason will have to settle if he makes no prior payment until the end of the 4 years. a. $8756.00 b. $8493.32 C. $9018.68 d. $9020.65 e. $15600.24

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