27. Facts: $100,000 loan, 30 years, fixed rate of 8%, monthly payment of $733.76. What...
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Accounting
27. Facts: $100,000 loan, 30 years, fixed rate of 8%, monthly payment of $733.76. What is the loan balance after the first month?
A. $100,000
B. $99,933
C. $99,267
D. $92,000
E. $67
Please show work, THanks!
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