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If the monthly payment is $8,750.00 for a 20-year fully amortizing mortgage that has an annual interest rate of 5.25%, what is the loan balance

If the monthly payment is $8,750.00 for a 20-year fully amortizing mortgage that has an annual interest rate of 5.25%, what is the loan balance after 5 years?

Group of answer choices

$1,045,903

$1,067,123

$1,088,474

$1,112,981

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