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Question 17 (2 points) Peter takes out a loan of $12000 at j4 = 4%, to be repaid with quarterly payments of $290. What is

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Question 17 (2 points) Peter takes out a loan of $12000 at j4 = 4%, to be repaid with quarterly payments of $290. What is the outstanding balance of the loan just before the 26th payment is made? $8055.14 $6125.72 $7270.64 $7359.01 $5422.35

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