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Consider a 30 -year, $115,000 fixed-rate mortgage with a nominal annual rate of 5.05 percent. All payments are made at the end of each month.

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Consider a 30 -year, $115,000 fixed-rate mortgage with a nominal annual rate of 5.05 percent. All payments are made at the end of each month. What is the remaining balance on the mortgage after 5 years? Your answer should be between 98,478 and 112,670 , rounded to 2 decimal places, with no special characters

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