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To find Cameron's student loan balance at the end of 2 years, we first need to find out how much the loan balance will be reduced by, and then subtract that amount from the initial balance of $60,000.
Each year that Cameron works in a designated high-need area, his loan balance will be reduced by 12%. After 2 years, the loan balance will be reduced by (1 - 0.12) * (1 - 0.12) = 0.88 * 0.88 = 0.7744, or 77.44% of the initial balance.
Therefore, Cameron's student loan balance at the end of 2 years will be $60,000 * 0.7744 = $46,464.
Therefore, the correct answer is D) $46,464.