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You are considering taking out a loan of $8,000.00 that will be paid back over...

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Accounting

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You are considering taking out a loan of $8,000.00 that will be paid back over 9 years with every 2 months payments of $207.11. If the interest rate is 7.8% compounded every 2 months, what would the unpaid balance be immediately after the eleventh payment? The unpaid balance would be $ (Round to 2 decimal places.)

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