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A family needs a loan of 10 000 for renovation. The loan period is 1 year and payments are made 4 times a year. The

A family needs a loan of 10 000 for renovation. The loan period is 1 year and payments are made 4 times a year. The interest rate of the annuity loan is 4.2 % p.a. What is the remaining balance after the first payment?

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