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Payton has taken out a loan for server equipment for her business totaling $14,500. The loan will be repaid by making end of quarter payments

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Payton has taken out a loan for server equipment for her business totaling $14,500. The loan will be repaid by making end of quarter payments of $425.20 for the next 10 years. If interest is 3.2% compounded monthly, find the balance on the loan at the end of the 5th year? Enter a POSITIVE VALUE, rounded to two decimal places. Balance at the end of the 5 th year: $

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