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Question 4 of 6 A local business received a $42,500 loan at 4.45% compounded monthly. The business settled the loan with quarterly payments of $725.

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Question 4 of 6 A local business received a $42,500 loan at 4.45% compounded monthly. The business settled the loan with quarterly payments of $725. Full solutions should be shown on separate sheets of paper. Submit your solutions. a. How many payments are required to settle the loan? 0 Round up to the nearest whole payment. b. What was the interest portion of payment 32? $0.00 Round to the nearest cent c. What was the size of the final payment? 0 Round to the nearest cent

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