Question: Question 7 A loan is repaid with equal annual payments of $350 at the end of each year for 10 years. AEIR=5% for the first

Question 7 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 payment is made at t4, if the second payment was missed? A. 3363.16 B. The answer does not appear here 0.2217.49 D. 2050.12 E 2188.45

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