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Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $1000.28 at the end of every three months over three
Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $1000.28 at the end of every three months over three years. If interest is 7.3% compounded annually, what was the original loan balance? The original loan balance was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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