Question: (1 point) Problem 4 - Varying Payments and Equal Principal Repaid Brandi takes out a 3-year loan that she repays using the amortization method. She

(1 point) Problem 4 - Varying Payments and Equal Principal Repaid Brandi takes out a 3-year loan that she repays using the amortization method. She makes monthly payments at a nominal annual interest rate of 3.6% compounded monthly. The first payment is $60 and is to be paid one month from the date of the loan. Each succeeding monthly payment will be 1% larger than the prior payment. Calculate Brandi's outstanding loan balance after the 29 th payment. B29=

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