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MMLU-Pro / 638 / Mr. Jackson bought his house in 1995, and financed the loan for 30 years at an…

Problem

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question

Mr. Jackson bought his house in 1995, and financed the loan for 30 years at an interest rate of 7.8%. His monthly payment was $1260. In 2015, Mr. Jackson decides to pay off the loan. Find the balance of the loan he still owes.

category

business

options

  1. 90000.00
  2. 98000.00
  3. 125678.90
  4. 110000.00
  5. 120000.00
  6. 115245.67
  7. 104761.48
  8. 135000.00
  9. 140000.00
  10. 150000.00

src

theoremQA-Finance

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