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1 [4] A company borrowed some money and made repayments as shown in the table. Determine the remaining loan balance at time 3. Loan payments

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1 [4] A company borrowed some money and made repayments as shown in the table. Determine the remaining loan balance at time 3. Loan payments Loan amount 5.000 time payment Annual interest rate 0.08 1 1,000 2 1,200 3 1,400

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