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A home is purchased for 400,000 with a thirty year mortgage with end-of-month payments of 1,909.66 using a nominal rate of interest of 4% convertible

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A home is purchased for 400,000 with a thirty year mortgage with end-of-month payments of 1,909.66 using a nominal rate of interest of 4% convertible monthly. If the homeowner wishes to refinance the home in 15 years, how much is still owed on the original loan? In other words, what is the outstanding balance after 15 years? 258,171 141,829 254,788 469,949

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