(engineering economic) The $56000 loan bears interest at 12% annually and must be repaid in uniforrm annual installments over 12 years. After the 6th installment is paid, the bank offers a change in interest from an annual to a monthly rate. For borrowers who are willing to follow the new interest will get cash back (loan reduction of 10% of the remaining loan. How many annual installments for the first 6 years before interest changes and the last 6 years after interest changes?

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