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Assume you have a 30-year mortgage with annual payments, an initial amount of$500,000and a fixed rate of3.0%. After you have made 6 payments (on time),

Assume you have a 30-year mortgage with annual payments, an initial amount of$500,000and a fixed rate of3.0%. After you have made 6 payments (on time), approximately what is the remaining mortgage balance?

A.$432,000

B.$350,000

C.$390,000

D.$475,000

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