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A 30-year mortgage has an annual interest rate of 6.05 percent and a loan amount of $265,000. (Hint: Use the CUMPRINC function in Excel.) What
A 30-year mortgage has an annual interest rate of 6.05 percent and a loan amount of $265,000. (Hint: Use the "CUMPRINC" function in Excel.) What is the remaining balance at the 180th payment? Note: Round your answer to 2 decimal places Step by Step Solution
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
