Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:A homeowner has five years of monthly payments of $1,100 before she has paid off her house. If the interest rate is
6% APR, what is the remaining balance on her loan?
.....
A. $79,657
B. $45,518
C. $68,278
D. $56,898
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