Mr. Lamb borrowed $8321.00 at 11.12% compounded monthly. He agreed to repay the loan in equal monthly payments over five years, the outstanding balance after the first, second, third payment will be respectively:

8312.85, 8125.41, 8080.21

8346.85, 8211.41, 7580.21

8216.69, 8111.41, 8005.16

8346.85, 8110.50, 7580.21

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