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Suppose you have taken out a $135,000 fully-amortizing fixed rate mortgage loan that has a term of 15 years and an interest rate of 6%.

Suppose you have taken out a $135,000 fully-amortizing fixed rate mortgage loan that has a term of 15 years and an interest rate of 6%. After your first mortgage payment, how much of the original loan balance is remaining? Show your steps used in Excel.

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