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Mr. Echo obtains an installment loan to purchase a collection of figurines that he plans to resell in his store. The loan is $1,200,00 for 12 months at 6.00% interest. Use the Monthly Payment Plans Table in item 16 to calculate the monthly payment, then use the repayment schedule below to help you calculate the balance of the loan over time. What is the balance of Mr. Echo's loan after three payments