1. Find the amount of a 25-year mortgage at 4.2% interest compounded monthly where the monthly payment...
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2. A 30-year mortgage at 4.2% interest compounded monthly with a monthly payment of $1019.35 has an unpaid balance of $10,000 after 350 months. Find the unpaid balance after 351 months.
3. A 25-year mortgage at 4.5% interest compounded monthly with a monthly payment of $258.96 has an unpaid balance of $5,000 after 280 months. Find the unpaid balance after 281 months?
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Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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