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b) (3 points) What is the initial loan balance for a 30-year fixed rate loan with a 5.25 interest rate and $1,500 monthly payment? N=

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b) (3 points) What is the initial loan balance for a 30-year fixed rate loan with a 5.25 interest rate and $1,500 monthly payment? N= I = PV = PMT = FV =

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