Question

Jason and Coretta Bradley got a $206,000, 20- year mortgage loan at 5.35%. Find the amount of the final payment on this mortgage. Use the AMORT function.
Final Payment = AMORT(206000, 0.0535, 20) = $206,000
Jason and Coretta Bradley got a $206,000, 20-year mortgage loan at 5.35%. Find the amount of the final payment on this mortgage.

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