A person took a loan of $250,000 and has to pay it back in monthly payments for 30 years starting end of the first month at an interest rate of 6% compounded monthly. The balance after the 270 th payment is; Click to open: \& To access the spreadsheet, click on the download icon next to the sheet title. A new tab will open next to the test tab and you can go back and forth between the sheet and test tabs. $109.368 $108,416 $107,459 $106,497