Jack and Jill borrow $24,000 at 6.3% amoritzed over 7 years to drill a well...
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Accounting
Jack and Jill borrow $24,000 at 6.3% amoritzed over 7 years to drill a well and renovate their kitchen and bathrooms. Assuming that the monthly principal and interest payments are made as agreed, what is the loan balance at the end of 3 years? (Round to nearest penny and enter, for example, as 123456.78)
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