Question: Please use & show Excel formula to produce answer so I can learn John House has taken a 30-year, $250,000 mortgage on his house at

Please use & show Excel formula to produce answer so I can learn

John House has taken a 30-year, $250,000 mortgage on his house at an interest rate of 6% per year. What is the value of the mortgage after the payment of the fifth annual installment?

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