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Four years ago you took out a $250,000, 15-year mortgage with an annual interest rate of 6% compounded monthly a. Estimate your monthly payments on

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Four years ago you took out a $250,000, 15-year mortgage with an annual interest rate of 6% compounded monthly a. Estimate your monthly payments on the mortgage. (1 point) b. Compute the outstanding balance on your current loan if you have just made the 48th payments? (2 points) Paragraph -B I SEE lagerial Finance You received a $64,000 loan. The semiannual payments are $4,526. If the company is paying 9.5% interest per year, how many loan payment must the company make? Select one: a. 15 b. 13 c. 12 d. 19

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