Question: Below Is The Loan Repayment Schedule For The Month 10 Of A Home Loan. The Borrower Repays The Same Amount With Both The Principal And The Interest (P&I) At The End Of Each Month. Month Loan Outstanding At Interest Paid Principal Paid Loan Outstanding At The Beginning Of The The End Of The Month Month 10 $246133.02 $923.00 $437.76 $245695.25 The Following …

Question: Below Is The Loan Repayment Schedule For The Month 10 Of A Home Loan. The Borrower Repays The Same Amount With Both The Principal And The Interest (P&I) At The End Of Each Month. Month Loan Outstanding At Interest Paid Principal Paid Loan Outstanding At The Beginning Of The The End Of The Month Month 10 $246133.02 $923.00 $437.76 $245695.25 The Following …

Below is the loan repayment schedule for the month 10 of a home loan. The borrower repays the same amount with both the princ

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Below is the loan repayment schedule for the month 10 of a home loan. The borrower repays the same amount with both the principal and the interest (P&I) at the end of each month. Month Loan outstanding at Interest paid Principal paid Loan outstanding at the beginning of the the end of the month month 10 $246133.02 $923.00 $437.76 $245695.25 The following equation is used to find the original loan amount (X). PMT X(1 + i)” -į ((1+i)” – 1) = 245695.25 Calculate the following variables in the equation above: For percentage, round your answer to the nearest 0.001% (3dp). Do not include the % symbol. Do not use comma separators. For example, if your answer in decimal is 0.123456, 12.346 would be the correct format. For n, show your answer as an integer (positive or negative). Do not include units like “years” or “months” (number only). Do not use comma separators. For example, 123456 would be the correct format. For money amounts, round your answer to the nearest cent. Do not include $. Do not use comma separators. For example, 1234.56 would be the correct format. i= % (1 mark) n= (1 mark) PMT= $ (1 mark)