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A Constant Payment Mortgage is made for $80,000 for a term of 12 years. Interest rate is %8. Quarterly payments are made and if the

A Constant Payment Mortgage is made for $80,000 for a term of 12 years. Interest rate is %8. Quarterly payments are made and if the borrower chooses to repay the loan after 2 years instead of at the end of year 10, what must the loan balance be at the end of the second year? (Answer is rounded)

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