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Lamar borrowed $8000 at a rate of 13%, compounded quarterly. Assuming he makes no payments, how much will he owe after 4 years? Do not

Lamar borrowed $8000 at a rate of 13%, compounded quarterly. Assuming he makes no payments, how much will he owe after 4 years? Do not round any intermediate computations, and round your answer to the nearest cent. Answer Submitted: $10,454.67

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