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You have borrowed $30,000 to buy a new home. You plan to make annual payments over a 5-year period. The bank has offered you a

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You have borrowed $30,000 to buy a new home. You plan to make annual payments over a 5-year period. The bank has offered you a 9% interest rate, compounded annually. What will be the outstanding balance of Loan) in year 4? You can show your workings by creating an amortization table using the table aption in toolbar above or just write it as you want TTT Aral 136

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