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Jack and Jill borrow $24,000 at 6.3% amoritzed over 5 years to drill a well and renovate their kitchen and bathrooms. Assuming that the monthly

Jack and Jill borrow $24,000 at 6.3% amoritzed over 5 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?

Please include instructions on how to do this with BAII PLUS calculator if possible.

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