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Score on last try: 0 of 1 pts. See Details for more. > Next question Get a similar question You can retry this question below Colton has taken out a loan for server equipment for his business totaling $11,500. The loan will be repaid by making end of quarter payments of $523.90 for the next 6 years. If interest is 2.9% compounded monthly, find the balance on the loan at the end of the 3rd year? Enter a POSITIVE VALUE, rounded to two decimal places. Balance at the end of the 3rd year: $ 3808.87 x Submit QuestionScore on last try: 0 of 1 pts. See Details for more. > Next question Get a similar question You can retry this question below Jesse has a mortgage of $536,000 through his bank for property purchased. The loan is repaid by end of month payments of $4,297.08 with an interest rate of 3.56% compounded monthly over 13 years. What is the interest paid in the 5th year of the mortgage? Enter a POSITIVE VALUE for the answer, rounded to two decimal places. P1 = 1073.71 X P2 = 4,297.08 X Interest paid in 5th year = 1073.71 x (enter a positive value) Submit