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A loan in the amount of $ 5 0 , 0 0 0 will be repaid over a 5 - year term with monthly payments

A loan in the amount of $50,000 will be repaid over a 5-year term with monthly payments and a stated rate of 6%. What is the ending balance on the loan at the end of 3 months?
$49,023
$47,839
$48,927
$45,290
none of these
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