Question: Please attach work, thank you! You are considering taking out a loan of $7,000.00 that will be paid back over 8 years with monthly payments

Please attach work, thank you! You are considering taking out a loan

Please attach work, thank you!

You are considering taking out a loan of $7,000.00 that will be paid back over 8 years with monthly payments of $97.19. If the interest rate is 7.5% compounded monthly, what would the unpaid balance be immediately after the tenth payment? The unpaid balance would be $ . (Round to 2 decimal places.)

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