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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 $3.040.35 56,503.17 $4.193.65

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