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c) (3 points) What is the loan balance at the end of 7 years for a $200,000 fixed rate mortgage with a 15-year term and

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c) (3 points) What is the loan balance at the end of 7 years for a $200,000 fixed rate mortgage with a 15-year term and an interest rate of 3.15%? N= I= PV = PMT = FV=

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