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What is the final balance of a loan after 2 years if the initial balance is $13,200, the interest rate is 9.80% APR compounded monthly,
What is the final balance of a loan after 2 years if the initial balance is $13,200, the interest rate is 9.80% APR compounded monthly, and if you make a single payment of $5,700 at the end of year 1?
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