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Answer is provided, I need to show work using a HP 10bll calculator, please show steps not excel. You are analyzing a GPM. The terms

Answer is provided, I need to show work using a HP 10bll calculator, please show steps not excel.

You are analyzing a GPM. The terms are $60,000 loan amount, 9% note rate, 30 years, monthly payments, OFV, payments in year one based upon 7% and payments in year 2 based on 8%. How much will you owe on this loan at the end of second year?

$60,711.87

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