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The Mills agreed to make monthly payments on a mortgage of $138000 amortized over 15 years. Interest for the first 3 years was 6.5 percent

The Mills agreed to make monthly payments on a mortgage of $138000 amortized over 15 years. Interest for the first 3 years was 6.5 percent compounded semi-annually. Determine the mortgage balance at the end of the 3-year term.

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