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Suppose a 16-year loan is repaid though level quarterly installments of $350. Suppose we also know that the principal repaid at the end of period
| Suppose a 16-year loan is repaid though level quarterly installments of $350. Suppose we also know that the principal repaid at the end of period 31 is $32 and the principal repaid at the end of period 32 is $37. Find the original loan balance. |
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