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Grade Question 1 A loan is being repaid with month-end payments of $1,500 for 30 years at a 6.00% nominal monthly interest rate. Find the

Grade Question 1 A loan is being repaid with month-end payments of $1,500 for 30 years at a 6.00% nominal monthly interest rate. Find the outstanding balance at the end of 5 years. Balance at end of 5 years: 437,990 5

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