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Please explain using BA Plus II calculator. #2 Derek borrows $318,651.00 to buy a house. He has a 30-year mortgage with a rate of 5.72%.

Please explain using BA Plus II calculator.image text in transcribed

#2 Derek borrows $318,651.00 to buy a house. He has a 30-year mortgage with a rate of 5.72%. After making 80.00 payments, how much does he owe on the mortgage? unanswered not_submitted Submit Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places

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