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Question

Find the monthly payment and estimate the remaining balance (to the nearest dollar). Assume interest is on the unpaid balance. The interest rates are from national averages from www.bankrate.com in April 2013.

Thirty-year mortgage for $210,000 at 3.54%; remaining balance after 12 years

Solution

VerifiedAnswered 1 year ago

Answered 1 year ago

Step 1

1 of 4**Given:** Thirty-year mortgage for $\$210,000$ at $3.54\%$; remaining balance after $12$ years.
**To Find:** the monthly payment and estimate the remaining balance (to the nearest dollar).

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