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An employee of the gap-loans to another employee

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Reference no: EM13810309

John Roe, an employee of the Gap, loans $3,700 to another employee at the store. He will be repaid at the end of 4 years with interest at 16% compounded quarterly.

How much will John be repaid? (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

Reference no: EM13810309

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