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Question 6 1 pts You are borrowing $20,000 at 6% nominal annual interest, compounded monthly for 40 months. What is the balance of your loan

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Question 6 1 pts "You are borrowing $20,000 at 6% nominal annual interest, compounded monthly for 40 months. What is the balance of your loan immediately after payment number 38? Assume you are making monthly payments

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