Current mortgage loan with BNE Bank of the vendors Balance for April 1, 2020 (after 36 payments) is $240,000 Remaining number of payments still to make (after payment 36) are 264 Remaining number of months till end of term (after payment 36) are 24 Nominal interest rate 6 Calculate the balance of the mortgage at term Please indicate the answer and your approach (4 points)

Question

Current mortgage loan with BNE Bank of the vendors  Balance for April 1, 2020 (after 36 payments) is  $240,000  Remaining number of payments still to make (after payment  36) are  264 Remaining number of months till end of term (after payment  36) are  24 Nominal interest rate  6  Calculate the balance of the mortgage at term  Please indicate the answer and your approach  (4 points)

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Current mortgage loan with BNE Bank of the vendors: Balance for April 1, 2020 (after 36 payments) is: $240,000. Remaining number of payments still to

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