Question: A 1 5 - year loan requires month - end payments of $ 5 8 7 . 3 3 including interest at 8 . 4

A 15-year loan requires month-end payments of $587.33 including interest at 8.4% compounded monthly.
What is the balance on the loan after half of the payments have been made? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Balance on the loan

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