David took out a mortgage of $529,000 for a house and just made the 111th end...
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David took out a mortgage of $529,000 for a house and just made the 111th end of month payment. If interest on the loan was 3.6% compounded monthly and the mortgage has a period of 15 years. Round ALL answers to two decimal places if necessary. 1) What are his monthly payments? P/Y = I/Y = % BAL = $ positive value) C/Y= PV = $ PMT = $ N= FV = $ 2) What is his current outstanding balance after the 111th payment? (enter a David took out a mortgage of $529,000 for a house and just made the 111th end of month payment. If interest on the loan was 3.6% compounded monthly and the mortgage has a period of 15 years. Round ALL answers to two decimal places if necessary. 1) What are his monthly payments? P/Y = I/Y = % BAL = $ positive value) C/Y= PV = $ PMT = $ N= FV = $ 2) What is his current outstanding balance after the 111th payment? (enter a
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