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Question 2 of 5 Sophie had a loan of $89,000 and made payments of $3,750 at the end of every three months to settle it.

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Question 2 of 5 Sophie had a loan of $89,000 and made payments of $3,750 at the end of every three months to settle it. If he received the loan at 3.32% compounded quarterly, what was the balance on the loan at the end of three years? Round to the nearest cent

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