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Question 5 Ten years ago you borrowed $258000. The term of the loan was 23 years and required monthly payments of $2756.90. T
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Answer #1

Calculating Loan Amount after 138th Payment,

using TVM Calculation,

FV = [PV = 258,000, PMT = -2,756.90, N = 138, I = 0.12/12]

FV = $205,855.27

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