You want to borrow $25,253. You must repay the loan in 14 years in equal monthly payments and a single $4,112 payment at the end of 14 years. interest rate is 18% nominal per year. What will be the loan balance immediately after the 30 ^ (h) payment? (Note that the single payment at the end of the period laka balloon payment) is in addition to the regular payment scheduled for that period) don't use chatgpt answer i will 5 upvotes urgent

You want to borrow $25,253. You must repay the loan in 14 years in equal monthly payments and a single $4,112 payment at the end of 14 years. interest rate is 18% nominal per year. What will be the loan balance immediately after the 30 ^ (h) payment? (Note that the single payment at the end of the period laka balloon payment) is in addition to the regular payment scheduled for that period) don't use chatgpt answer i will 5 upvotes urgent

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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