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A family takes out a mortgage for $251,200.00 from the local bank. The loan is for 30 years of monthly payments at a 5.88%

A family takes out a mortgage for $251,200.00 from the local bank. The loan is for 30 years of monthly payments at a 5.88% APR (monthly compounding). What will the family's balance be on the mortgage after 5.56 years? Answer Format: Currency: Round to: 2 decimal places.

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