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A borrower has a 30-year mortgage loan for $300,000 with an interest rate of 5% and monthly payments. If she wants to pay off the

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A borrower has a 30-year mortgage loan for $300,000 with an interest rate of 5% and monthly payments. If she wants to pay off the loan after 8 years, what is the outstanding balance on the loan assuming no prepayments? $272,587.52 $220,000 $184,886 $257.558.68 None of the Above

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