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Your company has just taken out a 2 -year installment loan for $21,579 at a...

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Accounting

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Your company has just taken out a 2 -year installment loan for $21,579 at a nominal rate of 9%, with equal end-of-month payments. What is your outstanding balance after your second payment is made (end of second month)? " Round your answer to the nearest three decimals if needed. Do not type the $ symbol

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