You have a mortgage for $701,594.45. You will pay it off monthly, over 30 years. Your interest on your mortgage is 8.61% APY. Assume you will have to pay 1% of the purchase price in property tax annually, and your homeowners insurance is $100 per month. What will be your balance at the end of the 170 month?

Hint: The purchase price and the mortgage beginning balance are the same value in this question. Create an amortization table in Excel, and scroll down to the final month. Make sure your loan equals 0 at the end of the final month to ensure your math is correct. If it is not 0 then you have an error somewhere. Then find the ending balance at the end of the 170 month. To get the correct answer, you will need to be accurate within $1.