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Consider a 30-year, $115,000 fixed-rate mortgage with a nominal annual rate of 4.75 percent. All payments...

Consider a 30-year, $115,000 fixed-rate mortgage with a nominal annual rate of 4.75 percent. All payments are made at the end of each month. What is the remaining balance on the mortgage after 5 years?

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

As nothing was mentioned excel is used. If you need with formula, let me know, will do that also. Thank you.

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