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Show all work please! You are a lender and have been asked by a potential borrower to originate a 15 -year $200,000 fixed rate mortgage
Show all work please! 
You are a lender and have been asked by a potential borrower to originate a 15 -year $200,000 fixed rate mortgage loan at 5.4% that fully amortizes with monthly payments. What is the outstanding balance of this mortgage loan after 81 payments? Please round your answers to the nearest cent (ie, two digits right of the decimal) Step by Step Solution
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Financial Intelligence
Authors: Income Mastery
1st Edition
1647773210, 978-1647773212
