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On December 31,2005, a house was purchased with the buyer taking out a 30-year $90,000 mortgage at 3% interest compounded monthly. The mortgage payments are

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On December 31,2005, a house was purchased with the buyer taking out a 30-year $90,000 mortgage at 3% interest compounded monthly. The mortgage payments are made at the end of each month. Calculate: the unpaid balance of the loan on December 31,2015, just after the 120th payment. the interest that will be paid during January 2016

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