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Consider a 16-year mortgage loan of $265,958.2147, with an interest rate of 10.00%, assuming monthly payments. The mortgage balance remaining after making 7 payments is

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Consider a 16-year mortgage loan of $265,958.2147, with an interest rate of 10.00%, assuming monthly payments. The mortgage balance remaining after making 7 payments is and the total interest expense for the 9th year is 269.75750; 18,151.00 274.995.51; 18.855.89 261.900.49:17.622.33 240.948.45: 16,212.54 246.186.46, 15,860.10

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