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A $1,300,000 25 year fully amortizing loan with an interest rate of 5.5% has a monthly payment of $7,983.14. What is the balance of the
A $1,300,000 25 year fully amortizing loan with an interest rate of 5.5% has a monthly payment of $7,983.14.
What is the balance of the loan at the end of year 10 (in month 120) using future value?
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