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The Johnson family is interested in buying a home. The family is applying for a $ 2 0 0 , 0 0 0 3 0
The Johnson family is interested in buying a home. The family is applying for a $year mortgage. Under theterms of the mortgage, they will receive $ today to help purchase their home. The loan will be fully amortizedover the next years. Current mortgage rates are percent. Interest is compounded monthly and all payments aredue at the end of the montWhat will be the remaining balance on the mortgage after five years
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