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You are considering taking out a loan of $ 8 , 0 0 0 . 0 0 that will be paid back over 9 years

You are considering taking out a loan of $8,000.00 that will be paid back over 9 years with every 2 months payments of $207.94. If the interest rate is 7.9% compounded every 2 months, what would the unpaid balance be immediately after the fourteenth payment?

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