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Mr. and Mrs. Kim purchased a 1 billion KRW house a year ago in Seoul. They took a 10-year mortgage for 600 million KRW at

Mr. and Mrs. Kim purchased a 1 billion KRW house a year ago in Seoul. They took a 10-year mortgage for 600 million KRW at a 5.0% annual interest rate. They have just made their first annual payment. What is the balance of the Kims current mortgage right after the first payment? Include the mortgage table that shows the annual mortgage payments, the amount of annual interest payments, the amount of principal paid per year, and the balance of the mortgage during the 10-year period. It is assumed that payments are made at the end of each year and the first payment was made at the end of the first year.

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