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23 You have a 25-year $800,000 mortgage with a 15% rate of interest (compounded monthly that you make monthly payments on What is the balance

23 You have a 25-year $800,000 mortgage with a 15% rate of interest (compounded monthly that you make monthly payments on What is the balance of the loan at the end of year 12? Multiple Choice $524,450 $528,450 $534 450 5 O $538,450 $542,450 @

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