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What is the approximate required monthly payment (rounded to the nearest dollar) of a partially amortizing loan with an original loan balance of $125,000, a
What is the approximate required monthly payment (rounded to the nearest dollar) of a partially amortizing loan with an original loan balance of $125,000, a ten-year term, annualized interest at 4.5%, and a remaining balance of $25,000 (the amount still owed on the note after ten years)?
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