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assume that interest rates are given annual and payments are made monthly. Round your answers to 2 decimal places. 1. What is the initial loan

assume that interest rates are given annual and payments are made monthly. Round your answers to 2 decimal places.

1. What is the initial loan balance for a 30-year fixed rate loan with a 5.75 interest rate and $1,600 monthly payment?

FV=

PV=

PMT=

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