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A loan with an annual interest rate of 6 % is repaid with annual payments over 3 0 years. The first payment is one year

A loan with an annual interest rate of

6 %

is repaid with annual

payments over

30

years. The first payment is one year from now and is

10,

the second payment is

20,

etc., and the last payment is

300 .

What is the

outstanding balance immediately after the

10

th payment?

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