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You have borrowed $108,000 from a bank and have promised to return it in 10 years' payments. The first payment is at the end of

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You have borrowed $108,000 from a bank and have promised to return it in 10 years' payments. The first payment is at the end of the first year. The interest rate is 4 percent. What is the remaining balance of the loan after making 6th year's payment? 48333.59 51258.2569357.47 71254.14

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