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You are considering taking out a loan of $7,000.00 that will be paid back over 10 years with quarterly payments of $240.45. If the interest

You are considering taking out a loan of $7,000.00 that will be paid back over 10 years with quarterly payments of $240.45. If the interest rate is 6.6% compounded quarterly, what would the unpaid balance be immediately after the eighth payment?

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

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