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35. Your client has already made 43 payments on a $500,000 loan. The loan originally had a 10-year maturity, it requires equal monthly payments (in

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35. Your client has already made 43 payments on a $500,000 loan. The loan originally had a 10-year maturity, it requires equal monthly payments (in arrears) and a $100,000 balloon. The interest rate is 6% APR compounded monthly. What is the current loan balance? Answer: $383,232.21

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