For the 9% mortgage in Exhibit , Find the loan balance at the end of years 19 and 20.

($75,000) 9% Mortgage (selected years)

End of Year	Balance	End of Year	Balance
1	$74,447	16	$56,839
2	73,848	17	54,654
3	73,194	18	52,273
4	72,482	19	______
5	71,705	20	______
*	*	*	*
*	*	*	*
*	*	*	*
*	*	*	*
*	*	*	*
*	*	*	*
12	63,916	28	12,841
13	62,369	29	6,697
14	60,682	30	0
15	58,843

The annual payment on the 7% mortgage is $4,248. The annual payment on the 9% mortgage is $7,300