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A family takes out a mortgage for $250,100.00 from the local bank. The loan is for 30 years of monthly payments at a 5.04% APR
A family takes out a mortgage for $250,100.00 from the local bank. The loan is for 30 years of monthly payments at a 5.04% APR (monthly compounding). What will the familys balance be on the mortgage after 6.00 years? Answer format: Currency: Round to: 2 decimal places.
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