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A $10000 loan is repaid with level annual payments. The first payment is made after 1 year of taking out the loan. The balance after
A $10000 loan is repaid with level annual payments. The first payment is made after 1 year of taking out the loan. The balance after the 8th payment is $7112.10. The balance after the 16th payment is $2845.36. What is the balance after the 17th payment?
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