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John borrowed $14734 at 5.95% compounded quarterly and plans to pay the loan back over the next 16 years. Calculate the outstanding balance after the

John borrowed $14734 at 5.95% compounded quarterly and plans to pay the loan back over the next 16 years. Calculate the outstanding balance after the 23rd payment is made. a. $5625.21 b. $5652.21 c. $5562.21 d. $5566.21 e. $5526.21

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