Question: please show formulas and manual calculation when you can ! not just an excel sheet 2. A loan is to be repaid with 5 payments

please show formulas and manual calculation when you can ! not just an excel sheet

2. A loan is to be repaid with 5 payments of $700 followed by 10 payments of $500 at the end of each month for 15 months. If the annual rate of interest is 6% compounded monthly a) Find the amount of the original loan, b) Find the outstanding loan balance immediately after the 5th payment

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