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Andrew took out a mortgage of $555,000 for a house and just made the 95th end of month payment. If interest on the loan was
Andrew took out a mortgage of $555,000 for a house and just made the 95th end of month payment. If interest on the loan was 4.18% compounded monthly and the mortgage has a period of 15 years. Round all answers to two decimal places if necessary. 1. What are his monthly payments? P/Y:- C/Y:- I/Y:- N:- PV:- $ FV:- $ PMT:- $ 2. What is his current outstanding balance after the 19th payment? BAL= $
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