Question: you borrow 2 3 0 0 0 at 7 . 2 % amortized over 7 years to drill a well and renovate a kitchen assuming

you borrow

23000

7.2 %

amortized over

7

years to drill a well and renovate a kitchen assuming that the monthly principal and interest payments are made as agreed what is the loan balance at the end of

2

years

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