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A loan of $6100 is being repaid at 4% effective by level annual payments of $548.64. Find the outstanding loan balance just after the 6th

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A loan of $6100 is being repaid at 4% effective by level annual payments of $548.64. Find the outstanding loan balance just after the 6th payment. Possible Answers A 2460.88 B 3639.12 C 4079.33 D 4136.25 E 4198.37

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