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Alison just bought a condo with a $641,000 mortgage with a semi-annual interest rate of 5.4%, amortized over 25 years. If she continues paying the
Alison just bought a condo with a $641,000 mortgage with a semi-annual interest rate of 5.4%, amortized over 25 years. If she continues paying the same payment based on the 25-year amortization, what will she owe at the end of the five-year term?
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