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1 You have taken out a new 30 year, $100,000 mortgage at 6% interest on your home. You now learn that you will most likely

You have taken out a new 30 year, $100,000 mortgage at 6% interest on your home. You now learn that you will most likely move to another state in 5 years. What will the loan balance be in 5 years? Solve for PMT, then reload 60 into N, solve for FV.

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