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Suppose a family has a $270 000, 12-year mortgage at 3% compounded monthly (a) Find the monthly payment. (b) Find the unpaid balance after 5

Suppose a family has a $270 000, 12-year mortgage at 3% compounded monthly (a) Find the monthly payment. (b) Find the unpaid balance after 5 years. Answers: (a) The monthly payment is (b) The unpaid balance after 5 years is yazin BE : .C F % &

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