Question: Given the following information on a 30-year fixed payment fully amortizing loan, determine the remaining balance that the borrower has at the end of eight

Given the following information on a 30-year fixed payment fully amortizing loan, determine the remaining balance that the borrower has at the end of eight years: interest rate: 6%; monthly payment: $2,200 C $217,192 C $167,409 C $479,503 $322,073

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