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Mathematics, 04.03.2021 18:50 BookandScienceNerd

Carlos took seven years to pay off his loan by making identical quarterly payments. The loan had a principal of $22,375 and 5.49% interest, compounded quarterly. Carlos paid a total of $28,821.67. How much did Carlos pay in service charges? Round all dollar values to the nearest cent. a. $1,721.31 b. $4,725.36 c. $1,670.98 d. $6,446.67

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