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Juliet has a 10-year mortgage of $500,00 with an effective annual rate of 3.55% or 0.291% monthly. Mortgage payments are made at the end of
Juliet has a 10-year mortgage of $500,00 with an effective annual rate of 3.55% or 0.291% monthly. Mortgage payments are made at the end of each month. What is the balance remaining on this mortgage after the 60th payment?
a) $216,077
b) $250,000
c) $270,937
d) $271,738
e) $275,065
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