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Assume that you borrow a 30-year mortgage loan of $300,000. The mortgage rate is 9%. Prepayments follow the 150PSA. What is the closing mortgage balance

Assume that you borrow a 30-year mortgage loan of $300,000. The mortgage rate is 9%. Prepayments follow the 150PSA.

What is the closing mortgage balance in the first month?

Group of answer choices

$297,300.82

$299,761.07

$267,136.06

$299,550.82

None of the above

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