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A loan is repaid by 10 annual payments at the end of each year. The first five payments are $2000 each and the last

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A loan is repaid by 10 annual payments at the end of each year. The first five payments are $2000 each and the last five payments are $3000 each. The effective rate of interest is i=0.06. Find the outstanding loan balance immediately after the (a) fourth payment and (b) sixth payment.

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