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Given the following information on a 26-year fixed-payment fully amortizing loan, determine the remaining balance that the borrower has at the end of five years:

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Given the following information on a 26-year fixed-payment fully amortizing loan, determine the remaining balance that the borrower has at the end of five years: interest rate: 7.2%; monthly payment: $1,700. Round your answer to two decimal places, and do not include the $ sign, e.g., 123456.54. Your

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