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What will be the balance of your 30-year mortgage after 6 years if you borrowed $1,010,000 at a 4.60% posted interest rate? (Assume APR compounded

What will be the balance of your 30-year mortgage after 6 years if you borrowed $1,010,000 at a 4.60% posted interest rate? (Assume APR compounded semiannually and monthly payments)

Question 11Answer

$859,457

$656,911

$808,000

$901,231

$1,108,514

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