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Suppose that in the loan described, the borrower paid off the loan after the time indicated. Calculate the amount neede the loan. $190,000; 8% compounded

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Suppose that in the loan described, the borrower paid off the loan after the time indicated. Calculate the amount neede the loan. $190,000; 8% compounded quarterly; 15 quarterly payments paid off after 12 quarters. A) $1285 B) $306,189.58 C) $42,643.52 D) $156,375.88

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