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A monthly-payment car loan has an interest rate of 9% convertible monthly. The outstanding loan...

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Accounting

A monthly-payment car loan has an interest rate of 9% convertible monthly. The outstanding loan balances immediately after the 12th and 13th payments are 8,608.11 and 8,398.93, respectively. To the nearest dollar, what will the outstanding loan balance be after the 15th payment?

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