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John is wondering what he will be owing on his mortgage at the end of the five year term.He has a $450,000 mortgage with a
John is wondering what he will be owing on his mortgage at the end of the five year term.He has a $450,000 mortgage with a semi-annual interest rate of 5.8%, amortized over 25 years. If he continues paying the same payment based on the 25 year amortization, what will he owe at the end of the five year term?
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