Question: Very important. Please I will appreciate step by step maths process. All necessary information is given in the question don't ask for more. I will

Very important. Please I will appreciate step by step maths process.

Very important. Please I will appreciate step by step maths process. All necessary information is given in the question don't ask for more. I will appreciate no gamble to this. If you take time to help with this my thumb is ready to go up!

Seth borrows X for 9 years at an annual effective rate of 5.75%. He will be repaying the loan with level payments at the end of each 6-month period. The principal repaid in 2nd payment is 580. Calculate the outstanding balance immediately after the 7th payment. 6

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