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UT Professor Harris received a $298,000 loan at 2.2% compounded quarterly to purchase a new piece of land. Payments of $3750 are made at the

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UT Professor Harris received a $298,000 loan at 2.2% compounded quarterly to purchase a new piece of land. Payments of $3750 are made at the end of every month. Calculate the final payment. 01:01:19 Multiple Choice $2,989.72 $3,572.83 $6,985.32 $1,323.87

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