Question: Boris borrows $3,200.00 which he will repay with level annual payments over 10 years. The interest rate is i (365) = 5.250%. What is the

Boris borrows $3,200.00 which he will repay with level annual payments over 10 years. The interest rate is i⁽³⁶⁵⁾ = 5.250%. What is the outstanding balance on the loan just after 9 payments?

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