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2) You take out a loan of $60,000 at 6% at 20 years. You agree with the bank to pay $550 per month. At the

2) You take out a loan of $60,000 at 6% at 20 years. You agree with the bank to pay $550 per month. At the end of the mortgage, what will be the balance, do you still have to pay the bank? Includes calculations.

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