Question: 3 0 . In the third scenario, Bao could pay back the loan for 5 years with a monthly payment of at an annual interest

30 .

In the third scenario, Bao could pay back the loan for

5

years with a monthly payment of at an annual interest rate of

4.55

percent and then renegotiate better terms. He wants to know the amount remaining on the loan after

5

years, or the future value of the loan. Use a function to calculate the future value for the

5

Years scenario using the monthly interest rate, the loan period in months, the monthly payment, and the loan amount. In the third scenario, Bao could pay back the loan for

5

years with a monthly payment of at an annual interest rate of

4.55

percent and then renegotiate better terms. He wants to know the amount remaining on the loan after

5

years, or the future value of the loan. Use a function to calculate the future value for the

5

Years scenario using the monthly interest rate, the loan period in months, the monthly payment, and the loan amount

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