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This is an annuity. Please dont use online calculations or such. Thanks! 6. A new loan at 9% compounded quarterly requires quarterly payments of $727.88

image text in transcribed This is an annuity. Please dont use online calculations or such. Thanks!

6. A new loan at 9% compounded quarterly requires quarterly payments of $727.88 for seven years. Round to the nearest dollar, what amount was borrowed

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