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Using the following loan assumptions: - Original loan amount- $80,000 - Interest Rate-8.5% - Amortization period-30 years - Payments per year-12 The loan balance at

Using the following loan assumptions: - Original loan amount- $80,000 - Interest Rate-8.5\% - Amortization period-30 years - Payments per year-12 The loan balance at the end of 20 years is : $59,306.13 $94,136.50 $49,613.05 $65,506.53

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