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Determine the remaining loan balance at time 3 Loan amount = 5000 annual interest rate = 0.08(8%) payments time 1. 1000 time 2.1200 time 3.1400

Determine the remaining loan balance at time 3

Loan amount = 5000

annual interest rate = 0.08(8%)

payments

time 1. 1000

time 2.1200

time 3.1400

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