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Question 34 (5 points) Dr. Pope decides he has a mid-life crisis today and decides to purchase a fully loaded Mercedes convertible for $250,000. To

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Question 34 (5 points) Dr. Pope decides he has a mid-life crisis today and decides to purchase a fully loaded Mercedes convertible for $250,000. To purchase the car, Pope decides to finance the entire car price with a 7-year car loan. The loan will feature monthly payments, monthly compounding, and a 2.4% APR. Dr. Pope has made the commitment to pay off any remaining principal on this loan after the 4th year of ments. What will be the payoff balance loan be in exactly 4 years? (round to the nearest dollar) $120,403 O $113,590 $112,298 $147,971 O $124,285

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