Question: Consider the following amortization schedule: Payment # Payment Interest Debt Payment Balance 1 1 , 1 6 7 . 3 4 5 4 0 .
Consider the following amortization schedule:
Payment # Payment Interest Debt Payment Balance
x
y
z
With the exception of column one, all amounts are in dollars. Calculate
z
Round your answer to the nearest dollar.
Do NOT round until you calculate the final answer
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