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undefined Question 3 (1 point) All questions on this quiz refer to the same situation: A loan of $38 500 is to be repaid with

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Question 3 (1 point) All questions on this quiz refer to the same situation: A loan of $38 500 is to be repaid with equal monthly payments over 4 years at 12 = 5.4%. What is the outstanding balance after the 47th payment is made, using the prospective method? $893.63 $889.14 $889.63 Question 4 (1 point) All questions on this quiz refer to the same situation: A loan of $38 500 is to be repaid with equal monthly payments over 4 years at 112 = 5.4%. What is the outstanding balance after the 47th payment is made, using the retrospective method? $889.14 $893.63 $889.63

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