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Javier takes out a bank loan for $12,550.00 maturing in 6 years. The interest rate on the loan is 1.750% compounded annually and he will

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Javier takes out a bank loan for $12,550.00 maturing in 6 years. The interest rate on the loan is 1.750% compounded annually and he will repay the loan by making level annual payments. If he defaults just after making payment number 4, how much money does the bank lose? a. $4,329.29. b. $4,372.59. c. $5,368.32 d. $4,632.34. e. $4,718.93. Certainty : Oc=1 (Unsure: 67%) OC=3 (Quite sure: >80%)

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