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Today, you signed loan papers agreeing to borrow $ 4 , 9 5 4 . 8 5 at 1 2 % APR compounded quarterly. The

Today, you signed loan papers agreeing to borrow $4,954.85 at 12% APR compounded quarterly. The loan payment is $415.11 a quarter. How many loan payments must you make before the loan is paid in full?
A.15.00
B.30.00
C.35.00
D.40.00
E.43.00
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