If you took $75,000 from the bank as a loan at 6% interest per year and paid amounts back as shown in the table below, how much will you still owe at the end of 8 years? see cash flow below

Using excel formula which of the following answers would it be, please show work.......

		$42,320
		$48,765
		$56,876
		$62,765

Year	Cash Flow
0	($75,000)
1	$0
2	$2,500
3	$45,000
4	$2,500
5	$1,500
6	$0
7	$3,500
8	$4,800