Question: Jack and borrow 21,000 at % amonitzed over 7 years to drill a well and renovate their kitchen and bathroomsAssuming that the monthly principal and

Jack and borrow 21,000 at % amonitzed over 7 years to drill a well and renovate their kitchen and bathroomsAssuming that the monthly principal and interest payments are made agreed, what is the balance at the end of 2 yearsRound to penny and enter, for example, as 123456.78

Jack and Jill borrow $21,000 at 6.4% amoritzed over 7 years to drill a well and renovate their kitchen and bathrooms. Assuming that the monthly principal and interest payments are made as agreed, what is the loan balance at the end of 2 years? (Round to nearest penny and enter, for example, as 123456.78)

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