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Ken Tuckey takes out a loan today to be repaid with quarterly payments of $688.64 over...

Ken Tuckey takes out a loan today to be repaid with quarterly payments of $688.64 over 4 years (first payment 3 months from today).  If the interest rate on the loan is j4 = 7.2%, how much total interest does Ken pay over the life of the loan?  

Question 14 options:

$1518.24

$1620.04

$3138.28

$1018.24
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