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Consider a loan for $100,000 to be repaid in equal installments at the end of each of the next 5 years. The interest rate is

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Consider a loan for $100,000 to be repaid in equal installments at the end of each of the next 5 years. The interest rate is 6% compounded annually. What is the remaining balance of the loan after 2 years? $52,521 $64,545 $63,456 $76,260 $23,740

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