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Jason borrows $9000 for the next 4 years at a variable interest rate. Assume that...

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Accounting

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Jason borrows $9000 for the next 4 years at a variable interest rate. Assume that the interest accumulates for 4 years at an annual nominal rate of 9% compounded quarterly. Calculate the outstanding loan balance that Jason will have to settle if he makes no prior payment until the end of the 4 years. a. $12848.59 b. $30075.54 c. $12463.14 d. $13433.28 e. $12720.11

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