2) You recently took out a 30-year (360 months), $145,000 mortgage. The mortgage payments are made at the end of each month and the nominal interest rate on the mortgage is 7 percent. After five years...


2)  You recently took out a 30-year (360 months), $145,000 mortgage. The mortgage payments are made at the end of each month and the nominal interest rate on the mortgage is 7 percent. After five years (60 payments), what will be the remaining balance on the mortgage?



Jun 07, 2022
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