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Question 15 (8 points) You're thinking about borrowing a $4000 personal loan. The interest rate on the loan is 11% with quarterly compounding. You believe

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Question 15 (8 points) You're thinking about borrowing a $4000 personal loan. The interest rate on the loan is 11% with quarterly compounding. You believe you can make a quarterly payment of $500. How many years will it take you to pay off the loan? Your

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