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A $85,000 loan amortized over 10 years at an interest rate of 7% per year requires payments of $12,102 to completely payoff the loan in

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A $85,000 loan amortized over 10 years at an interest rate of 7% per year requires payments of $12,102 to completely payoff the loan in year 10. If interest is charged on the unrecovered balance, what is the unrecovered loan balance at the end of year 4 provided the same $12,102 payments are made each year

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