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PLEASE USE FINANCIAL CALCULATOR AND EXPLAIN WHAT NUMBERS TO PLUG IN; NOT EXCEL Q4. Loan amount: $100,000; Interest rate: 7% per year; Term: 30 years,

image text in transcribed PLEASE USE FINANCIAL CALCULATOR AND EXPLAIN WHAT NUMBERS TO PLUG IN; NOT EXCEL

Q4. Loan amount: $100,000; Interest rate: 7% per year; Term: 30 years, fully amortizing; Level payment (monthly). What is the outstanding balance at the end of year 8

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