Question: Please show all work and do not use excel, thanks! 13. A loan at 6.5% annually has an initial end of year payment of $300

Please show all work and do not use excel, thanks!

Please show all work and do not use excel, thanks! 13. A

13. A loan at 6.5% annually has an initial end of year payment of $300 and 9 further payments (at the end of each year). After the first payment, the payment amount increases by $20 each year. Find the loan balance immediately after the 6th payment

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