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Fazal Family recently entered into a 6-year mortgage for $300,000. The mortgage has an 7 percent annual interest rate. Interest is compounded annually, and all

Fazal Family recently entered into a 6-year mortgage for $300,000. The mortgage has an 7 percent annual interest rate. Interest is compounded annually, and all payments are due at the end of the year. What will be the remaining balance on the mortgage after three years?

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