Find outstanding load balance after five years of payment

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Reference no: EM131063290

1a. How much should you pay monthly for a loan of $1,000,000 for 15 years at a rate of 9% per annual.

Find Monthly load payment.

1b. How much is the outsanding loan balance after 5 years of payment?

Find outstanding load balance after 5 years of payment.

Reference no: EM131063290

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