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You borrow $5000 to help pay your college expenses. You agree to repay the loan at the end of 6 years at 8% interest, compounded

You borrow$5000to help pay your college expenses. You agree to repay the loan at the end of6years at8%interest, compounded quarterly. (Round your answers to two decimal places.)

(a) What is the maturity value of the loan?

(b) How much interest are you paying on the loan?

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