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19 Consider a 30-year, $115.000 fuxed-rate mortgage with a nominal annual rate of 5.55 percent. All payments are made at the end of each month.
19 
Consider a 30-year, $115.000 fuxed-rate mortgage with a nominal annual rate of 5.55 percent. All payments are made at the end of each month. What is the remaining balance on the morteage after 5 years? Your answer should be between 98,478 and 112,670 , rounded to 2 decimal plices, with no special characters Step by Step Solution
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Financial Management Principles And Practice
Authors: Timothy J. Gallagher, Joseph D. Andrew
3rd Edition
0131768824, 978-0131768826
