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2 0 ) A family takes out a mortgage for $ 2 8 9 , 9 0 0 . 0 0 from the local bank.

20) A family takes out a mortgage for $289,900.00 from the local bank. The loan is for 30 years of monthly payments at a 5.76% APR (monthly compounding). What will the familys balance be on the mortgage after 5.77 years?

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