How much is the outstanding principal balance on his loan

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Reference no: EM131618673

Corey buys 10 Tufflift 4-post, 4.5-ton car hoists for his parking garage at a total cost of $473,000. He finances this with a five-year loan at 6.3% APR with monthly payments. After he has made the first 20 payments, how much is the outstanding principal balance on his loan?

Reference no: EM131618673

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