Problemwhat is the remaining balance on a 30000000 mortgage, Ask an Expert

Accounting

Problem:

What is the remaining balance on a $300,000.00 mortgage after 65 months? The mortgage is a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 5.90%.

$283,780
$276,752
$262,882
$280,376
$254,661

Note: Please show basic calculation

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167319

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