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| rev | Admin | (Created page with "A loan of 4000 has an annual effective interest rate of 5%. The loan is repaid by payments of 250 at the end of each year for ten years along with a final balloon payment at the end of the eleventh year. Calculate the outstanding loan balance at the beginning of the seventh year. <ul class="mw-excansopts"><li>3593</li><li>3660</li><li>3790</li><li>3856</li><li>3910</li></ul> {{soacopyright | 2023 }}") | Nov 19'23 at 12:31 | +405 |