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Consider a 15-year, $110,000 mortgage with an interest rate of 5.75 percent. After two years, the...

Consider a 15-year, $110,000 mortgage with an interest rate of 5.75 percent. After two years, the borrower (the mortgage issuer) pays it off. How much will the lender receive? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Lender Receives:

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

As nothing was mentioned excel is used.

jeff jeffy answered 6 months ago
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