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

You are considering taking out a loan of $9,000.00 that will be paid back over 9 years with monthly payments of $110.29. If the interest rate is 6.5% compounded monthly, what would the unpaid balance be immediately after the fifteenth payment?

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