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Stefan takes out a five - year loan of R 9 0 0 0 0 0 that he can repay by monthly payments of R

Stefan takes out a five-year loan of R900000 that he can repay by monthly payments of R18248,75 at an interest rate of 8% per annum compounded monthly. Stefan decides to pay monthly amounts of R20000, starting in one month's time. Calculate his balance outstanding after the 30th payment.
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