Question: (e) How much do the Phams owe after making 5 years of payments (they paid the extra $500 per month starting with the first payment)?

(e) How much do the Phams owe after making 5 years of payments (they paid the extra $500 per month starting with the first payment)? [1 mark] P_(1)=1,P_(q)=5\times 12_(60),B\times L=547639.55

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