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You are considering taking out a loan of $7,000.00 that will be paid back over 11 years with every 2 months payments of $143.96. If

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You are considering taking out a loan of $7,000.00 that will be paid back over 11 years with every 2 months payments of $143.96. If the interest rate is 5.8% compounded every 2 months, what would the unpaid balance be immediately after the eighth payment? Answer: The unpaid balance would be $ (Round to the nearest cent/penny.)

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