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Consider a commercial loan of $600,000 is being repaid over 20 years with equal payments at the end of each month. Interest is charged at

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Consider a commercial loan of $600,000 is being repaid over 20 years with equal payments at the end of each month. Interest is charged at 6% compounded monthly. How much money is outstanding at the beginning of the fifth year? Please ignore the dollar notation, just fill in the numerical answer, omit a comma in expressions like 10,000 etc., and round your answer to 2 decimal places. $

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