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1.) You just bought a house and have a $150,000 mortgage. The mortgage is for 30 years and has a nominal rate of 8 percent

1.) You just bought a house and have a $150,000 mortgage. The mortgage is for 30 years and has a nominal rate of 8 percent (compounded monthly). After 36 payments (3 years) what will be the remaining balance on your mortgage?

*Please explain how to solve using a Texas Instruments BA II Financial Calculator*

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