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ortgage Payoff. Somewhat over five years ago, on February 1 you took out a loan for $ 2 0 , 0 0 0 , 0

ortgage Payoff. Somewhat over five years ago, on February

1

you took out a loan for

20, 000, 000

5.25 %

with a

25 -

year amortization period and a

7 -

year term. You are selling

the building and will repay the loan on April

11 .

Assuming there are no prepayment

penalties, what will your loan payoff be on that day?

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