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You are considering taking out a loan of $9,000.00 that will be paid back over 9 years with quarterly payments. If the interest rate is

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You are considering taking out a loan of $9,000.00 that will be paid back over 9 years with quarterly payments. If the interest rate is 6.2% compounded quarterly, what would the unpaid balance be immediately after the twelfth payment? The unpaid balance would be 5 (Round to 2 decimal places.) Submit

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