The remaining balance on a 30-year, $100,000 Fixed-rate mortgage loan financed at 8 percent after the 180th

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The remaining balance on a 30-year, $100,000 Fixed-rate mortgage loan financed at 8 percent after the 180th payment is (no calculation necessary)

a. $100,000

b. $50,000

c. $76,782

d. $23,219

Related Book For answer-question

Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

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Posted Date: Mar 10, 2022 06:08 AM

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The remaining balance on a 30-year, $100,000 Fixed-rate mortgage loan financed at 8 percent after the 180th

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The fixed rate mortgages can be termed as the arrangement of the loan th... View the full answer

Principles of Risk Management and Insurance

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