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Q2 A loan of $348,000 at 4.42% compounded quarterly was to be settled with month-end payments of $7,750. What will be the balance on the

A loan of $348,000 at 4.42% compounded quarterly was to be settled with month-end payments of $7,750. What will be the balance on the loan at the end of year 3 ? Round to the nearest cent

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