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On May 05, 2016, Cheryl borrowed money from a local credit union to renovate her kitchen at 4.75% compounded monthly. On July 22, 2017, the

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On May 05, 2016, Cheryl borrowed money from a local credit union to renovate her kitchen at 4.75% compounded monthly. On July 22, 2017, the interest rate on the loan changed to 5.13% compounded quarterly and remained constant thereafter. She settled the loan with a single payment of $47, 284.60 on September 16, 2019. How much money did Cheryl borrow? Include a well-labelled timeline diagram

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