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You purchase a house for $ 1 . 3 million and take a mortgage for $ 1 . 0 5 million which will be amortized
You purchase a house for $ million and take a mortgage for $ million which will be amortized over years. Your mortgage interest rate is fixed at compounded monthly for a year term and you will be making monthly payments. How much do you still owe at the end of the year term within $ Use the method that calculates your mortgage balance based on the payments you have already made as opposed to the payments you have remaining
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