Question: Read Example: Computing Payments and Generating an Amortization Schedule on page 38 of our financial calculator manual. Click the following button for help. [Hints/Example) Now

Read "Example: Computing Payments and Generating an Amortization Schedule" on page 38 of our financial calculator manual. Click the following button for help. [Hints/Example) Now let us use a financial calculator to find the answer to the following question: The APR of a loan is 8.9%. The customer needs to make 2 payments each year. The loan must be paid off in 12 years. Suppose the principal of the loan is $56,308. Find the balance remaining on the loan after 5 years

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