You have taken out a standard $250,000, 30-year mortgage, at a nominal annual rate of...
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You have taken out a standard $250,000, 30-year mortgage, at a nominal annual rate of 4.30 percent with monthly compounding, Determine how much you will sill owe on your mortgage, as a percent of the original $250,00, after 15 years (180 payments if you only make the required monthly payment monthly payment. 65.56% 66.23% 66.90% 67.56% 68.21%
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