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Q14) You need a loan to purchase new equipment. The loan will be paid off over 4.0 years with payments made at the end of

Q14) You need a loan to purchase new equipment. The loan will be paid off over 4.0 years with payments made at the end of every quarter. If the stated annual rate is 15.73% and quarterly payments are $309.00, what is the loan amount? ( 1.5 points)

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