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You are a lender and have been asked by a potential borrower to originate a 30-year $300,000 fixed rate mortgage loan at 5.4% that fully

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You are a lender and have been asked by a potential borrower to originate a 30-year $300,000 fixed rate mortgage loan at 5.4% that fully amortizes with monthly payments. What is the outstanding balance of this mortgage loan after 81 payments? Please round your answers to the nearest cent (ie, two digits right of the decimal)

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