Mary pays off a 10 year loan with 10 equal amount of 1200 at the end of each year. The loan has an interest rate of 8% per year.

what is mary's outstanding balance right after the 5th payment is made.

PLEASE SHOW ALL WORK AND SHOW ALL WORKED OUT STEPS USING FORMULAS ON PAPER.

THIS IS FINANCIAL MATH.

a 10 year 5) Mary pays off a 10 loon wilt 10 equal amount of 1200 at the end of each year. The loan has an interest rate of 8% per year. What is Mary's outstanding balance right after the 5th payment is made Show all work