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need answer by using BA II plus financial calculator .please describe the steps clearly 2. The Taylors agreed to monthly payments rounded up to the
need answer by using BA II plus financial calculator .please describe the steps clearly
2. The Taylors agreed to monthly payments rounded up to the nearest $100.00 on a mortgage of $136 000.00 amortized over 15 years. Interest for the first five years was 8.5% compounded semi annually. After 30 months, as permitted by the mortgage agreement, the Taylors increased the rounded monthly payment by 10%. Determine the mortgage balance at the end of the five-year term Step by Step Solution
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