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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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