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On January 1, 2016, Alpha Company secured a $100,000, 6% annual rate mortgage note.Monthly payments are $1,500, with the first payment being due on January

On January 1, 2016, Alpha Company secured a $100,000, 6% annual rate mortgage note.Monthly payments are $1,500, with the first payment being due on January 31 2016, what is the unpaid balance of the note on March 1, 2016? (Round your answer to the nearest whole dollar.)

I don't understand how to calculate this.

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