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. A client asks for a 5 0 , 0 0 0 loan with the following characteristics: a . Annual payments that grow at a

. A client asks for a 50,000 loan with the following
characteristics:
a. Annual payments that grow at a constant rate of 3%.
b. EAIR =9%
c. The loan is 10 years
Calculate the outstanding capital after 5 years.

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