Question
A family has a $98,663, 30-year mortgage at 6.3 % compounded monthly. Find the monthly payment....
A family has a $98,663,
30-year mortgage at 6.3 %
compounded monthly. Find the monthly payment.
Also find the unpaid balance after the following periods of time.
(A) 10 years (B) 20 years (C) 25 years
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