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The quarterly payments on a seven year loan at 12% compounded semiannually are $672. The original loan was $12,67712. What is the balance on the
The quarterly payments on a seven year loan at 12% compounded semiannually are $672. The original loan was $12,67712. What is the balance on the loan right after the 21st payment? Multiple Choice $3,640 35 $6,503 17 $4,193 65 $10.40264 $19,180 29
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