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Today, you borrowed $30,000 and have agreed to pay off the loan by making $2,000 quarterly payments. Assume the effective quarterly interest rate is 1.75%.
Today, you borrowed $30,000 and have agreed to pay off the loan by making $2,000 quarterly payments. Assume the effective quarterly interest rate is 1.75%. If you were preparing an amortization schedule, what would be the ending balance after your first payment (i.e. at the end of the first quarter)?
Round final answer to two decimal places. Do not round intermediate calculations
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