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For $1,000 borrowed over a 7-year period, a company has to provide a level annual payment of $200, at 9.2% interest. If the company borrowed
For $1,000 borrowed over a 7-year period, a company has to provide a level annual payment of $200, at 9.2% interest. If the company borrowed $10,000, what is the loan balance after the third payment was made?
Select one:
a.$0
b.$920
c.$6,452
d.$7,740
e.$8,920
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