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Anna decides to take out a four-year loan for $30,000 to purchase a new car. Her loan officer tells her that she will make equal,

Anna decides to take out a four-year loan for $30,000 to purchase a new car. Her loan officer tells her that she will make equal, monthly payments for the loan at an interest rate of 8 percent per year.

What will the balance of the loan be after 2 years of making payments?

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