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A 15-year loan requires month-end payments of $637.33 including interest at 9.4% compounded monthly. What is the balance on the loan after half of the

A 15-year loan requires month-end payments of $637.33 including interest at 9.4% compounded monthly. What is the balance on the loan after half of the payments have been made? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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