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1. What is the remaining balance on a $100,000.00 mortgage after 70 months? The mortgage is a a standard mortgage (360 months) with monthly payments

1. What is the remaining balance on a $100,000.00 mortgage after 70 months? The mortgage is a a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 5.30%.

2. What is the remaining balance on a $425,000.00 mortgage after 65 months? The mortgage is a a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 6.80%.

3. What is the required monthly payment on a $470,000.00 mortgage. Assume a standard mortgage (360 months) with monthly payments. Use a nominal rate (monthly compounding) of 5.70%.

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