Bernard borrows $100,000 on January 1, 1993, to be repaid in 360 monthly installments at a nominal annual interest rate of 9% convertible monthly. The first monthly payment is due February 1, 1993. Bernard misses the first payment, but begins making payments on March 1, 1993, and makes 359 payments. Determine how much Bernard still owes on the loan after making his 359th payment.

NOEXCEL. Good handwriting plz!