A 30-year mortgage has an annual interest rate of 6.1 percent and a loan amount of $270,000.

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A 30-year mortgage has an annual interest rate of 6.1 percent and a loan amount of $270,000. What is the remaining balance at the 180th payment?

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Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Nov 15, 2018 07:31 AM

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A 30-year mortgage has an annual interest rate of 6.1 percent and a loan amount of $270,000.

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Fundamentals of Investments, Valuation and Management

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