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A loan of 13400 dollars is to be repaid in annual installments of 2100 dollars, the first due in one year, followed by a final

A loan of 13400 dollars is to be repaid in annual installments of 2100 dollars, the first due in one year, followed by a final smaller payment. If the effective rate of interest is 10 percent, what is the outstanding balance owed immediately after the 5th payment?

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