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A $50,000 loan is to be amortized by equal end-of-month payments for ten years. The interest rate is 12% compounded monthly. Calculate the balance after

A $50,000 loan is to be amortized by equal end-of-month payments for ten years. The interest rate is 12% compounded monthly. Calculate the balance after the 24th payment. $40,125 $37.259 $44.137 $33,598 $20,257

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