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Andrew buys 10 Tufflift 4-post, 4.5-ton car hoists for his commercial car parking station at a total cost of $410,000. He finances this with a

Andrew buys 10 Tufflift 4-post, 4.5-ton car hoists for his commercial car parking station at a total cost of $410,000. He finances this with a five-year loan at 6.2% APR with monthly payments. After he has made the first 20 payments, how much is the outstanding principal balance on his loan?

A. 287153

B. 150969

C. 302284

D. 250698

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