Consider a 30-year 115000 fixed-rate mortgage with a, Ask an Expert

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Consider a 30-year, $115,000 fixed-rate mortgage with a nominal annual rate of 4.25 percent. All payments are made at the end of each month. What is the remaining balance on the mortgage after 5 years? Your answer should be between 98, 478 and 112, 670, rounded to 2 decimal places, with no special characters.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92265016

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