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You just took out a 6-year loan for $50,000 with an annual interest rate of 8%. At the end of the first year, what will

You just took out a 6-year loan for $50,000 with an annual interest rate of 8%. At the end of the first year, what will be the ending balance on your amortized loan? Maximum number of characters (including HTML tags added by text editor): 32,000 Show Rich-Text Editor (and character count)

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