Question: A $ 6 7 , 8 0 0 loan is to be repaid by equal annual payments for 1 5 years. The interest rate is

A $67,800 loan is to be repaid by equal annual payments for 15 years. The interest rate is 8.3% compounded annually. Determine the balance outstanding after 10 years. a$53,404 b$40,334 c$28,137 d$31,955

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