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You borrowed $1000 dollars at a rate of 4% compounded yearly. You make yearly payments for 15 years to pay off the loan beginning at

You borrowed $1000 dollars at a rate of 4% compounded yearly. You make yearly payments for 15 years to pay off the loan beginning at the end of the year. How much interest do you pay in total over the term of the loan? What is the outstanding balance on the loan after 13 years?

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