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Five years ago, the Lazenbys purchased a house and took out a mortgage of $600,000 from the BMO bank. They amortized the mortgage over 25

Five years ago, the Lazenbys purchased a house and took out a mortgage of $600,000 from the BMO bank. They amortized the mortgage over 25 years at 2.79% compounded semi-annually for a 5-year term. The bank calculated their monthly payment should be $2,776. How much do they still owe after making 5 years of payments?

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