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D Question 6 1 pts You have just made a loan payment to your bank and have decided to pay the remaining balance on the
D Question 6 1 pts You have just made a loan payment to your bank and have decided to pay the remaining balance on the loan. You originated this loan 9 years ago when you borrowed $100,000 to start your own business, MOJO Enterprises. At that time, you arranged for a 30-year loan with a 4.50% APR and monthly payments. Assume the first payment was made one month after you originated the loan and that interest is compounded on a monthly basis. What is the current balance on your loan? (Choose the range in which the correct solution falls.) O Less than $80,000 O Greater than or equal to $80,000, but less than $81,000. O Greater than or equal to $81,000, but less than $82,000. Greater than or equal to $82,000, but less than $83,000. O Greater than or equal to $83,000. 1 pts Question 7
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