Jack and Jill borrow $19,000 at 6.1% amoritzed over 8 years to drill a well and renovate their kitchen and bathrooms. Assuming that the monthly principal and interest payments are made as agreed, what is the loan balance at the end of 3 years? (Round to nearest penny and enter, for example, as 123456.78) Answer: Jack and Jill borrow $19,000 at 6.1% amoritzed over 8 years to drill a well and renovate their kitchen and bathrooms. Assuming that the monthly principal and interest payments are made as agreed, what is the loan balance at the end of 3 years? (Round to nearest penny and enter, for example, as 123456.78)