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Filippe would like to buy an apartment and he will need to borrow $250000 to pay for this. Interest will be charged at the annual

Filippe would like to buy an apartment and he will need to borrow $250000 to pay for this. Interest will be charged at the annual percentage interest rate of 3.96%. Filippe plans to repay his loan over a period 25 years.

Using the rounded repayment amount, calculate the balance of the loan after 25 years.

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