Suppose you have a $100,000 fixed-rate level-payment mortgage as follows. What is the ending balance of

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Suppose you have a $100,000 fixed-rate level-payment mortgage as follows. What is the ending balance of the loan after the first monthly payment?

- 15 year amortized term

- 6% annual interest

Question options:

	$99,156.14
	$93,563.56
	$99,656.14
	$99,500.00

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Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Oct 08, 2023 05:01 AM

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Suppose you have a $100,000 fixed-rate level-payment mortgage as follows. What is the ending balance of

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