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Chad took out a mortgage of $786,000 for a house and just made the 99th end of month payment. If interest on the loan was
Chad took out a mortgage of $786,000 for a house and just made the 99th end of month payment. If interest on the loan was 4.82% compounded monthly and the mortgage has a period of 20 years. Enter ONLY POSITIVE VALUES for the answers, rounded to two decimal places. 1) What are his monthly payments? (enter a positive value) 2) What is his current outstanding balance after the 99th payment? (enter a positive value) Submit
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