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the answer given is 5210.29 but i dont know how to get thst answer. Any help would be great. A loan with an annual effective

the answer given is 5210.29 but i dont know how to get thst answer. Any help would be great. image text in transcribed

A loan with an annual effective interest rate of 6.5% has 7 remaining annual payments of 950. The next payment is due in one year. What is the loan balance? Answer :5,210.29

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