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Assume that you are considering a 30-year mortgage for $500,000 with annual payments beginning in exactly one year at a 3.5% interest rate. After making

Assume that you are considering a 30-year mortgage for $500,000 with annual payments beginning in exactly one year at a 3.5% interest rate.

After making 15 payments, what is the remaining loan balance?

		$271,856.70
		$313,108.48
		$250,000
		$345,672.08

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