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OpenStudy (anonymous):
You borrowed $11,000 from your bank to build a small cabin on your property. The bank will charge 6% per year compounded quarterly. You decide to payoff this loan in 2 years by making quarterly payments. How much are your quarterly payments? a) $1,449.42 b) $1,469.42 c) $1,499.42 d) $1,479.42 e) $1,439.42 f) None of the above. I GOT B, BUT NOT SURE....
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