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You have a loan. You make a special payment of $69.21 in 2 quarters. You also make equal quarterly payments of $64.85 for 6 quarters
You have a loan. You make a special payment of $69.21 in 2 quarters. You also make equal quarterly payments of $64.85 for 6 quarters until the balance is zero. Your next quarterly payment is due today and the quarterly interest rate is 7.1%. What is the current balance of your loan? (Round to the nearest cent)
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