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Jeremy takes out a 3 0 - year mortgage of $ 2 1 0 0 0 0 with a monthly interest rate of 7 .

Jeremy takes out a 30-year mortgage of $210000 with a monthly interest rate of 7.75%, with the first payment due in one month. Use the 'prospective method' to calculate how much he owes on the loan immediately after the 87th payment?

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