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At the beginning of last year you had an outstanding loan for $217,475. The interest rate for this loan is at 8% APR which

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At the beginning of last year you had an outstanding loan for $217,475. The interest rate for this loan is at 8% APR which is the best you could find. If you made one payment for $45,000, what is the remaining outstanding balance at the end of the year? $17,398 $189,873 $199,873 $204,228

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