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25,000 $ loan is being repaid by installments of 250 $ at the end of each month for as long as necessary, plus a final
25,000 $ loan is being repaid by installments of 250 $ at the end of each month for as long as necessary, plus a final smaller payment.
If interest is at J12 = 12%, find the outstanding balance at the end of 5 years.
please show the formula/equation
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