What will be the remaining balance on the mortgage, Finance Basics

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What will be the remaining balance on the mortgage

The Jordan family recently Purchased their first home. The house has a 15-year (180-month), $165,000 mortgage. The mortgage has a nominal annual interest rate of 7.75%. All mortgage payments are made at the end of the month.

What will be the remaining balance on the mortgage after one year (right after the 12th payment has been made)?

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Finance Basics: What will be the remaining balance on the mortgage

Reference No:- TGS0726131

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Recent Questions Asked Finance Basics

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Finance Basics: What will be the remaining balance on the mortgage

Reference No:- TGS0726131

Recent Questions Asked Finance Basics

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