Question: You borrow $3200 at 9.5% compounded weekly for tuition. While you do not have to make payments for the 4 years that you are in

You borrow $3200 at 9.5% compounded weekly for tuition. While you do not have to make payments for the 4 years that you are in school, the interest is compounding. What is your loan balance after the 4-year grace period (if you've made no payments)?

Express your answer rounded to the nearest cent.

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