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The annual payment on a $1,000 loan over a four-year period at 10% per year interest is $315.42. The unrecovered balance immediately after the first

The annual payment on a $1,000 loan over a four-year period at 10% per year interest is $315.42. The unrecovered balance immediately after the first payment has been made is nearest to: Select one: A $684.58 B. $784.58 C. $884.58 D. $1.100

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