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You are purchasing a home valued at $225,000. You have saved enough for a 20% down payment. You have found a 30 year mortgage at

You are purchasing a home valued at $225,000. You have saved enough for a 20% down payment. You have found a 30 year mortgage at 3.375% and wanted to forecast the balance after five years.

After five years what will be the balance on the loan?

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