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A loan of 5,000 is being repaid with 30 non-level annual payments. The interest rate...

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A loan of 5,000 is being repaid with 30 non-level annual payments. The interest rate on the loan is an annual effective rate of 4%. The loan was originated 10 years ago. Payments of 150 at the end of the first year, and each subsequent annual payment was $50 greater than the preceding payment. Calculate the outstanding balance immediately after the tenth payment

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