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Calculate the following a loan was taken out on January 1, 2018 in the amount of $20,000. During the year payments were made to pay

Calculate the following a loan was taken out on January 1, 2018 in the amount of $20,000. During the year payments were made to pay back the loan. The payments included $2,000 in interest and $1,230 in principal. What is the loan balance on December 31, 2018

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