Hi,

I need help with these questions, I keep getting the wrong answer.

please provide an excel function for the answer hint(the answer is on cell highlight with red)

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11. What is the draw (payment to the borrower) in a RAM for $200,000 at 4% interest and a maturity of 10 years? Answer $2.024.90 Loan Amount Periods Per Year Interest Rate Years to Maturity $200,000 12 4% 10 12. What is the balance on the loan in the previous question 2 years after the original 10-year period ends? (assume the borrower stays in the house for 12 years after origination) (use the FV function) Answer $373,463.40 $2,025 12 Loan Amount Periods Per Year Interest Rate Years After Original Maturity 4% 12