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You are considering taking out a loan of $11,000.00 that will be paid back over 12 years with every 2 months payments. If the interest

You are considering taking out a loan of $11,000.00 that will be paid back over 12 years with every 2 months payments. If the interest rate is 5.9% compounded every 2 months, what would the unpaid balance be immediately after the twelfth payment?

The unpaid balance would be $__ . (Round to 2 decimal places.)

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