Question: Consider a 3 0 - year, $ 1 1 5 , 0 0 0 fixed - rate mortgage with a nominal annual rate of 4

Consider a 30-year, $115,000 fixed-rate mortgage with a nominal annual rate of 4.35 percent. All payments are
made at the end of each month. What is the remaining balance on the mortgage after 5 years?
Your answer should be between 98,478 and 112,670, rounded to 2 decimal places, with no special
characters.
Consider a 30-year, $115,000 fixed-rate mortgage with a nominal annual rate

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