Question: please help this math in interest theorey question with clear steps and details, thanksss 4. A $20,000 loan is to be repaid with annual payments

please help this math in interest theorey question with clear steps and details, thanksss

4. A $20,000 loan is to be repaid with annual payments at the end of each year for 12 years. If (1 + 2)* = 2, find the outstanding loan balance immediately after the fourth payment

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