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A loan of $6,200 is being repaid by payments of $80 at the end of each month plus lumpsum payments of $600 at the end

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A loan of $6,200 is being repaid by payments of $80 at the end of each month plus lumpsum payments of $600 at the end of each year. The lumpsum payments are in addition to the regular montly payment. The interest rate is 8.4% compounded monthly for the first 3 years and 10.2% compounded monthly thereafter. Calculate the outstanding loan balance at the end of the 8-th month. Number Calculate the outstanding loan balance at the end of the 32-nd month. Number Calculate the outstanding loan balance at the end of the 42-nd month. Number

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