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You borrow $200,000. The loan requires 24 quarterly repayments at an interest rate of 8% p.a. compounded quarterly. What is the loan outstanding after the

You borrow $200,000. The loan requires 24 quarterly repayments at an interest rate of 8% p.a. compounded quarterly. What is the loan outstanding after the first quarterly repayment?

6,574.22

$193,425.78

$189,425.78

$10,574.22

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