A bank charges an interest rate of interest is 6% compounded annually. A customer takes a loan of $159,348.29, which is to be paid back by annual payments of $t8,000 at the end of each year for 13 years. What is the outstanding balance of the loan after the 2nd year? O a. $141,963.74 b. $20,224.80 4C S37,080 00

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