Question: Please provide the full solution, thank you! A loan is repaid with equal annual payments of $350 at the end of each year for 10

Please provide the full solution, thank you!

A loan is repaid with equal annual payments of $350 at the end of each year for 10 years. AEIR=5% for the first five years and 8% thereafter. What is the outstanding loan balance just after the 4th payment? A. The answer does not appear here B. 1664.24 C. 1747.45 OD. 1776.49 E. 2922.15

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