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A fully amortizing mortgage loan is made for $1,200,000 at 9% interest for 30 years, payments are to be made monthly. Calculate the outstanding loan

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A fully amortizing mortgage loan is made for $1,200,000 at 9% interest for 30 years, payments are to be made monthly. Calculate the outstanding loan balance if the loan is repaid in year 10. a. $1,141,455 b. $966,475 C. $892,463 d. $1,073,157 e. $1,032,988

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