Gabrielas monthly payments of $567.89 will pay off her mortgage loan in 7 years and 5 months.

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Gabriela’s monthly payments of $567.89 will pay off her mortgage loan in 7 years and 5 months. The interest rate on her mortgage is 6.6% compounded monthly. What is the current balance on the loan?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:02 AM

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Gabrielas monthly payments of $567.89 will pay off her mortgage loan in 7 years and 5 months. The interest rate on her mortgage is 6.6% compounded monthly. What is the current balance on the loan?
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Gabrielas monthly payments of $567.89 will pay off her mortgage loan in 7 years and 5 months.

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Business Mathematics In Canada

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