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A borrower ontains a patially amortizing constant payment mortgage loan for $75,000 at 12 percent for 2 years. payments are monthly. After the last constant

A borrower ontains a patially amortizing constant payment mortgage loan for $75,000 at 12 percent for 2 years. payments are monthly. After the last constant payment, he has to pay $15,000 to payback the remaining loan on maturity date. what will be the amount of remaining balance at the end of the second month?(answer is rounded)

ANSWERS:

70020

70684

70156

70305

70817

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