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1. You purchase a four bedroom home in Clintonville, Ohio, for $248,000, make a 20% down payment, and obtain a 25 year mortgage with APR

1. You purchase a four bedroom home in Clintonville, Ohio, for $248,000, make a 20% down payment, and obtain a 25 year mortgage with APR of 7.5% with monthly payments for the balance. If you sell the home after making 113 payments, what will be the balance on that loan directly after you make the 113th payment?

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