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Question 6 A loan is repaid with equal annual payments of $350 at the end of each year for 10 years. AEIR-5% for the first

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Question 6 A loan is repaid with equal annual payments of $350 at the end of each year for 10 years. AEIR-5% for the first five years and 8% thereafter, What is the outstanding loan balance just after the 4th payment? A 1778.49 B. 1747.45 C. 1664.24 D. 2922.15 E. The answer does not appear here

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