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Jason borrows $ 9500 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 $ 9500 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 loan balance that Jason will have to settle if he makes no prior payment until the end of the 4 years. a. 21478.59 b. 12055.36 c. 12419.74 d. 12296,47 e. 11934.81

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