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# 4 Derek borrows $ 2 6 1 , 5 5 6 . 0 0 to buy a house. He has a 3 0 -

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Derek borrows $261,556.00 to buy a house. He has a 30-year mortgage with a rate of 4.64%. After making 125.00 payments, how much does he owe on the mortgage?
Answer format: Currency: Round to: 2 decimal places.
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