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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
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 monthly payment of the mortgage. Please indicate the answer and your approach. (4 points) 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 monthly payment of the mortgage. Please indicate the answer and your approach. (4 points)
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