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d) Today, you have taken out a 10-year loan to buy a car. The car cost $25,000 and you paid this amount today with the proceeds of your loan. Loan repayments are made on a quarterly basis and the stated annual interest rate, with quarterly compounding, is 8%. After 5 years have elapsed, how much of the loan amount remains outstanding, assuming no changes to interest rates in the economy? (5 marks) After 5 years, there are 5 years left and thus 20 interest payments PV 14943.471837 This is the outstanding value of the loan