kskyline87 kskyline87
  • 06-06-2023
  • Mathematics
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You are considering taking out a loan of $5,000.00 that will be paid back over 11 years with quarterly
payments of $158.38. If the interest rate is 6.3% compounded quarterly, what would the unpaid balance be
immediately after the fifteenth payment? Round answers to 2 decimal places.
The unpaid balance would be $

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