You are considering taking out a loan of 900000 that will, Ask an Expert

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You are considering taking out a loan of $9,000.00 that will be paid back over 12 years with every 2 months payments of $158.68. If the interest rate is 4.1% compounded every 2 months, what would the unpaid balance be immediately after the eleventh payment? The unpaid balance would be $ (Round to 2 decimal places.)

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