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Please show the steps to explain how to solve these questions in the financial calculator or mathematical way, it better have the explanation if you
Please show the steps to explain how to solve these questions in the financial calculator or mathematical way, it better have the explanation if you have a chance.
24. Today, you have taken a 30-year mortgage of $300,000 with an interest rate of 9% and monthly payments of $2,413.867. How much will your outstanding balance be after 10 years of payments? (Hint: this is the same as asking what will at that point be the present value of the remaining payments) (round to nearest dollar) A. $167,118 B $200,000 C. $264,786 D. $268,289Step by Step Solution
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