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Question: Pat and Patricia refinanced the mortgage on their home last year and made their first payment on October 30 of last year They have

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Pat and Patricia refinanced the mortgage on their home last year and made their first payment on October 30 of last year They have a $200,000, 15-year, fixed-rate mortgage at 6% If they make all the payments as called for, what is their loan balance on December 31 of this year?

Please proper explain and do not copy from Chegg. Otherwise, I have to report the answer.

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