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Laura has obtained a special 3 - year, $ 1 0 , 0 0 0 decreasing graduated payment mortgage from Nopay Bank. The three annual

Laura has obtained a special 3-year, $10,000 decreasing graduated payment mortgage
from Nopay Bank. The three annual payments will decrease by 20% each year. If the
interest rate for the mortgage is 10%, the balance of the mortgage after two payments is
nearest:
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