An firm borrowed 153000 to remodel their office the load


An firm borrowed $153,000 to remodel their office. The load was to be paid back in equal monthly payments over 30 years at 5% interest, compounded monthly. After 7 years, the firm wants to pay off the loan. What is the remaining balance that must be paid off? Express your answer in $ to the nearest $1,000.

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Financial Management: An firm borrowed 153000 to remodel their office the load
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