Find the remaining balance on mortgage
Question: You just bought a house and have a $150,000 mortgage. The mortgage is for 30 years and has a nominal rate of 8 percent (compounded monthly). After 36 payments (3 years) what will be the remaining balance on your mortgage?
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The mortgage is for 30 years and has a nominal rate of 8 percent. After 36 payments what will be the remaining balance on your mortgage?
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