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The remaining loan balance, B, of a fixed payment n years mortgage after x years is given by:
where L is the loan amount, and r is the annual interest rate. Calculate the balance of a 30-year, $100,000 mortgage, with annual interest rate of 6% (use 0.06 in the equation) after 0.5, 10, 15, 20, 25, and 30 years. Create a seven-element
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MATLAB: An Introduction with Applications
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