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

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The remaining balance on a 30-year, $100,000 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.

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Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Jan 02, 2024 05:42 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 payment is (no calculation necessary) a. $100,000 b. $50,000 c. $76,782 d. $23,219
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The remaining balance on a 30-year, $100,000 mortgage loan financed at 8 percent after the 180th payment

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Fundamentals Of Investments Valuation And Management

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