Question: Stephen is expected to settle a loan on January 11 th, 2019 by paying $4,000. What amount should he pay if he decides to settle

Stephen is expected to settle a loan on January 11 th,

Stephen is expected to settle a loan on January 11 th, 2019 by paying $4,000. What amount should he pay if he decides to settle it on June 5th, 2018 instead? The interest rate is 3.94% compounded quarterly. Round to the nearest cent

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