You borrow $75,000 for three years. This is an amortized loan. Payments are the same each month. The loan is fully paid off with the final payment. The quoted interest rate (or APR) is 9% per year with monthly compounding. Assuming you make all your payments on time, what is the outstanding balance on the loan right after you have made your 31st payment (i.e., with 5 payments remaining). Note: Do not email me the spreadsheet. You can solve without using spreadsheets, only formulas or calculator