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$300,000 loan 6% per year APR 30 year armotization Payable monthly Paid exactly 5 years What is the loan balance? Please show standard factor notation.

$300,000 loan

6% per year APR

30 year armotization

Payable monthly

Paid exactly 5 years

What is the loan balance?

Please show standard factor notation.

Answer should be: $279,163.07

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