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Question 7 (3 points) Garrison borrows $ 1,000,000 by a monthly amortizing mortgage with payments over 30 years at a rate of 5% per annum

Question 7 (3 points) Garrison borrows $ 1,000,000 by a monthly amortizing mortgage with payments over 30 years at a rate of 5% per annum interest. What is the remaining balance after 3 years? 952,550.35 804,845.69 953,435.95 983,895.35

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