What is the balance remaining after 5


Please show all work including formulas. Plug values into formula. Correct answer should be near to the values in (). Thank you!

Ex1: Borrow $20,000 at 6% to be paid back in equal monthly installments over 10 years. How much are the payments?

Ex 2: What is the balance remaining after 5 years? 

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Financial Management: What is the balance remaining after 5
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