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13. A $10,000 loan is repaid with equal payments at the end of each year for 10 years. The interest rate is 8% for the
13. A $10,000 loan is repaid with equal payments at the end of each year for 10 years. The interest rate is 8% for the first 5 years and 6% for the last five years. Find the outstanding balance right before the seventh payment. A. 5400
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