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2. J.J. bought a house with a 100.000 mortgage for 30 years being repaid with payments at the end of each month at an interest

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2. J.J. bought a house with a 100.000 mortgage for 30 years being repaid with payments at the end of each month at an interest rate of 6% compounded monthly (a) Find the outstanding balance at the end of 9 years immediately after the 108th payment, using the prospective method. (b) Find the outstanding balance at the end of 5 years immediately after the 60th payment, using the retrospective method

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